Commentaries

Mortgage Settlement: Details May Not Yet Be Finalized, Says American Banker

A source has told American Banker that the terms of this week's massive national mortgage servicing settlement have not been finalized, and that politics drove Thursday's announcement

$8.2 million package from U.S. Bank Adding Expansion of Largest Homeless Shelters in the Midwest

Omaha’s Siena/Francis House to Break Ground on New Housing and Community Services Facility An $8. 2 million financing package from U. S. Bank (NYSE: USB) will enable Omaha's Siena/Francis House (SFH) to provide services for the chronically homeless who are disabled or have a severe mental illness.

Bank of America Announces Agreements in Principle With Federal and State Authorities on Mortgage Matters

Bank of America Corporation today confirmed it has joined the other four largest mortgage servicers in agreeing in principle to the terms of a global settlement resolving federal and state investigations into certain origination, servicing and foreclosure practices. The settlement with 49 state attorneys general, the United States Department of Justice and other federal agencies would extend additional relief to homeowners who are struggling to make mortgage payments and to make refinancing opti...
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