Tag Archives: housing crash

Bank of America to pay record $16.65 billion to settle mortgage claims

Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice … Continue reading

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Home equity credit lines see a resurgence

Home equity line originations rose 58% in the final quarter of last year in the Western states, 38% in the Northeast and 36% in the Midwest. Is this a cause of concern?  Click here to read article.

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