Bank of America stops selling mortgages to Fannie Mae

Fannie Mae announced Tuesday that it plans to sell off $1.76 billion in non-performing loans. collaboration with Bank of America Merrill Lynch and The Williams Capital Group, as advisors. “We are.

 · Bank Buys Merrill Lynch Merrill Lynch agrees to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis. The hurried merger gives Bank of America a footprint in almost every facet of the banking business and vaults it into.

Is real estate the key to wealth? One of the key advantages of many commercial real estate income deals is that in many instances you can pass the property tax, building insurance & maintenance costs on to the tenant. This is one of the key reasons that commercial real estate investments will generally outperform a residential rental house investment.Fighting MERS could lead to credit card rates for mortgages Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives Stegman doubles down: White House will not recapitalize Fannie, Freddie The depressing reason Obama and Congress have failed to fix Fannie Mae and Freddie Mac. allow Fannie and Freddie to recapitalize.. the White House did not put any political muscle behind.JPMorgan analysts see housing prices falling until mid-2011 Treasury doesn’t want former Fannie CFO in GSE investor lawsuit fha mortgage insurance premiums won’t be going down in 2015  · Unlike private mortgage insurance (pmi), which has a range of costs depending on the borrower’s credit score and down payment, FHA Mortgage Insurance Premiums (MIP) go by down payment only. Borrowers with less than a 5% down payment are charged 0.85% of the outstanding loan amount each year, while borrowers with more than a 5% down payment are.Todd Mobraten announces resignation from USRES, RES.NET The agreement between RE/MAX and RES.NET, announced in February, provides RE/MAX agents direct access to RES.NET’s cloud-based platform and enables them to better cultivate relationships and manage transactions, dramatically improving the experience for consumers.Pending home sales hit two-year high: NAR Contracts to buy previously owned U.S. homes rose to their highest level in three years in April, but a shortage of properties for sale could slow down the momentum. Pending home sales hit three.