U.S. mortgage applications rose last week: MBA
(Reuters) – Applications for U.S. home mortgages rose last week as activity picked up and rates fell, an industry group said on Wednesday.
Bank of America won't loosen mortgage credit for riskier borrowers
Government efforts to loosen access to mortgage credit are unlikely to goad Bank of America Corp to make more home loans to less creditworthy borrowers, the bank's chief executive said on Wednesday. “I don't think there's a big incentive for us to start to try to create more mortgage availability where the customers are susceptible to default,” Moynihan said.