Expect Bank of America Corp. to sell more of its assets to meet a government order to raise capital. And soon. With less than two weeks remaining, BofA still hasn’t met a government deadline to raise $3 billion in equity by selling pieces of the $2.3 trillion company. The Charlotte-based bank is required to raise the additional equity as part of its repayment of a $45 billion taxpayer bailout.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]