Mortgage Operations

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  • GMAC Reports Third-Quarter Loss as Loan Defaults Pinch Results

    Nov 4th, 2009 - Bloomberg

    Nov. 4 (Bloomberg) -- GMAC Inc., the auto and mortgagelender negotiating a third round of government aid, reported athird-quarter loss tied to rising mortgage defaults.

  • Mortgage applications dip: MBA

    Oct 14th, 2009 - Reuters

    NEW YORK (Reuters) - U.S. mortgage applications dipped last week as interest rates on 30-year loans rose above 5 percent, data from an industry group showed on Wednesday. The Mortgage Bankers Association said rates on 30-year fixed-rate mortgages...

  • BofA retires Countrywide brand

    Apr 27th, 2009 - bizjournals

    Bank of America Corp. launched a new mortgage and home equity loan brand Monday as a result of combining the previously acquired Countrywide Home Loans with the bank’s mortgage operations.

  • Bank of America scraps Countrywide name

    Apr 27th, 2009 - Reuters

    NEW YORK, April 27 (Reuters) - Bank of America Corp (BAC.N) onMonday discarded the Countrywide brand in its mortgage operations,a name now sullied by risky home loans...

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