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Former Countrywide Employee Awarded $57 Million in BofA Whistleblower Case

by devteam December 18th, 2014

The person who perhaps made it possible for state and federal governments to collect billions from the Bank of America will apparently be amply compensated for his actions. The New York Times is reporting that Edward O'Donnell, a former employee at Countrywide

Lenders Gloomy about Purchase Demand and Profits

by devteam December 18th, 2014

Fannie Mae's writers use the word "stable" repeatedly to describe many of the findings from its fourth quarter 2014 Mortgage Lender Sentiment Survey, especially where the senior executives completing the questionnaire detailed their operational expectations

Lower Rates Fail to Stir Mortgage Applications

by devteam December 17th, 2014

Mortgage applications were down modestly during the week ended December 12, with purchase applications accounting for the decline. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, lost 3.3 percent on a

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