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Bank of America extends Community Homeownership Commitment program

Affordability, Bank of America, Homeownership, Housing Market, HWmember, Mortgage /

Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and […]

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Onslow Funding latest RMBS raises $517.7 million

Bank of America, RMBS, Securitization /

Another portfolio of prime mortgages, which primarily finance second homes and investment properties, will secure $517.7 million in residential mortgage-backed securities (RMBS), from sponsor Onslow Bay Funding. Processing Content Kroll Bond Rating Agencies says 1,322 fixed-rate mortgages are in the collateral pool, with second homes and investment properties accounting for 25.8% and 74.2% of the

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Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated

Adjustable-Rate Mortgage, Bank of America, Buydown, Freedom Mortgage, Guild Mortgage, HWmember, JPMorgan Chase, LendingLife, Mortgage, Mortgage Bankers Association, Origination /

Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. Bayview Asset Management — which closed its acquisition of Guild Mortgage in November — rolled out a new program on Monday. Partnering with real estate

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Banks eye bigger role in mortgages as regulators reconsider capital rules

AmeriHome, Bank of America, Banking, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Origination, Regulatory, U.S. Bank /

Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from

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Americans are moving less frequently — and staying closer to home

Affordability, Austin, Bank of America, Denver, Housing Market, HWmember, Los Angeles, Miami, New York, Philadelphia /

Fewer Americans are packing up and relocating, and when they do move, they are likely to stay within their current region, according to a new analysis published by Bank of America. The findings suggest that the era of a dramatic nationwide migration has faded, replaced by a quieter trend of households trading one nearby city

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Bank of America inches past estimates, buoyed by net interest income

Bank of America, Brian Moynihan, Earnings, Wealth management /

Key Insight: Bank of America’s earnings narrowly surpassed Wall Street’s expectations in the fourth quarter of 2025. Supporting Data: BofA’s earnings per share reached $0.98 in last year’s final quarter, edging past analysts’ estimates of $0.96, according to S&P. Expert Quote: “While any number of risks continue, we are bullish on the U.S. economy in

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Octaura adds CFO, Cristina Kim, in continued expansion bid

Bank of America, CLOs, JPMorgan Chase /

Octaura, an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs) has appointed Cristina Kim as chief financial officer, to oversee the company’s financial strategy following a major fund raise earlier this year. “Cristina’s deep market and investment expertise will be instrumental as we expand Octaura’s platform and partnerships, and continue to modernize

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BofA projects financial gains, but investors want even more

Bank of America, Brian Moynihan, Consumer banking /

Key Insight: At its first investor day since 2011, Bank of America expressed optimism on a number of financial fronts, but it wasn’t enough to stop its stock from dropping slightly on Wednesday. Supporting Data: The bank issued new guidance on its return on tangible common equity, saying ROTCE would reach 16%-18% over the next

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Fed prepares to pivot balance sheet, with potential ripple effects for mortgages

AnnieMac, Bank of America, Federal Reserve, HWmember, Jerome Powell, LendingLife, MBS, Monetary policy, Mortgage, Mortgage Rates, Regulatory, UMortgage /

A growing number of economists believe that the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry. Over the past few weeks, central bank officials have signaled they are prepared to wind down the policy aimed at shrinking

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Bank of America dials up outlook slightly after solid Q3

Bank of America, Commercial banking, Consumer banking, Earnings /

Key Insight: Bank of America’s revised-up guidance for net interest income comes partly thanks to an improving macroeconomic environment. Supporting Data: BofA’s NII guidance for the fourth quarter is now $15.6 billion to $15.7 billion, up from $15.5 billion to $15.7 billion. Expert Quote: “As we’ve seen more certainty now around trade and tariffs …

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