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 […]
Banks eye mortgage growth if Basel III capital rules ease Read More »
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
Americans are moving less frequently — and staying closer to home Read More »
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
Bank of America inches past estimates, buoyed by net interest income Read More »
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
Octaura adds CFO, Cristina Kim, in continued expansion bid Read More »
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
BofA projects financial gains, but investors want even more Read More »
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
Fed prepares to pivot balance sheet, with potential ripple effects for mortgages Read More »
Key insight: The second-largest U.S. bank has been providing relief for federal employee customers since the start of the shutdown, CEO Brian Moynihan said. What’s at stake: The shutdown has now reached 21 days, leaving many federal workers without regular paychecks, which can impact their ability to make payments. Expert quote: “We handle it just
BofA treating gov’t. shutdown like natural disaster: CEO Read More »
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 …
Bank of America dials up outlook slightly after solid Q3 Read More »
Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected
Baltimore launches $6.2B housing redevelopment effort Read More »
Americans are moving less in 2025, with overall migration still well below pre-pandemic levels, according to a new report from Bank of America Institute. The number of people who are moving remains significantly lower than before the pandemic – down almost 20% in the first quarter of 2025 compared to the first quarter of 2020,
Migration slows under pressure of rate lock-in, cooling job market Read More »