Dec 14, 2012 1:14PM

Bank of America CEO: Private Investment Returning To Mortgage Market Is A Certainty

Brian Moynihan, Bank of America's chief executive officer, said that everyone involved in the housing market needs to reset their expectation that everyone can own a home. In remarks prepared for delivery at the Brookings Institution in Washington, Moynihan said that the government, borrowers and lenders need to look hard at some of the old assumptions and ask if homeownership the right solution for everyone?" There must be a different role for government; the GSEs and the FHA need to return to their...

Dec 14, 2012 10:39AM

Federal Home Loan Banks in Correspondent Lending; MBA Confirms Average Lenders are Making Big Bucks

Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of CAMP. Casey Fleming, the president, reminded the capacity crowd how important it was to support your local organization. (Apparently this chapter has the most members of any of the California Association of Mortgage Professional chapters, and is very proud of that.) He also stated how important it is to be surrounded by your fellow mortgage professionals, which is very true. In my travels I have heard of a few tactics that...


Micro News

10:04 AM:

Bond Markets Holding Moderate Gains After Data

9:32 AM:

ECON: Industrial Output Stronger, Fed Cites Post-Sandy Bounce-Back

9:10 AM:

ECON: Markit PMI Shows December Off To Stronger Start

8:38 AM:

ECON: Consumer Price Index Lower Than Expected

3:41 PM:

Holding Ground After Hours, Some Positive Reprices

1:23 PM:

30yr Auction Reinforces Resistance, Stocks Push Back

12:03 PM:

Bond Markets Continue To Bounce Around After Boehner

10:45 AM:

MBS Hit New Lows Of the Morning As Treasuries Leak Higher

Around the Web

Video News

Wessel and Hilsenrath on Bernanke's Challenge

Fed's Lacker, Fisher Voice Opposition to Fed's Monetary Policy

BofA CEO on Future of Home Ownership


Today's Comments

Jana Holmstrup

"This disparate impact stuff is gonna be the death of me! It's not a charge based on whether they’re married or not – the problem is when they’re not..."

Graham Smart

"He did not pay $67.5M he only had to cough up $22.5M from his personal wealth. The other $46 million plus Mozillo’s legal fees were paid by Bank of America..."

Ted Rood

"Let's see, we're at the cusp of a fiscal meltdown, with uncertainty on future tax hikes and government austerity measures, not to mention the debt..."

Today's Q&A

"Is there a risk with private investors when purchasing a home"

"Can the appraisal fee be refunded?"

"Am I eligible for loan modification"