``The letter is a mistake as the information for home value is being extracted from the home appraisal in the system at loan origination.'' -- A helpful alert from Michael Nazarinia of The REST Report.
Analysts are reacting positively to Bank of America's agreement to settle claims it sold faulty home loans to Fannie Mae and Freddie Mac. But the real question is how big is BofA's exposure to similar claims from private investors? Read Post
Countrywide bribed Fannie Mae and Freddie Mac senior executives with "VIP" mortgage loans. Just another perk of being in the American Dream business. Join the conversation about this story » Fannie Mae - Freddie Mac - Bank of Americ... Read Post