BofA Falling Behind on HARP Adoption Says Morgan Stanley Analysts

Headlines and Blogs from Around the Web BofA Falling Behind on HARP Adoption Says Morgan Stanley Analysts ... Bank of America Corp. (BAC), already lagging its peers, will probably fall further behind in helping borrowers with little or no home equity to refinance as the U.S. government loosens rules for the federal Home Affordable Refinance Program, according to Morgan Stanley analysts.Click to continue Read More Falling Back in Love with FHA ... What will this mean for buyers from now through the end of 2013, when the compromise expires? “There’s no doubt this will drive more business to FHA,” said David H. Stevens, former FHA commissioner and current president and chief executive of the Mortgage Bankers Association. Annie Austin, a loan officer with Cobalt Mortgage in Bellevue, Wash., said: “With [Fannie and Freddie] limited to $506, 000 [locally], FHA is going to become the darling of the industry again” at $567,500.Click to continue Read More