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Bank of America

Octaura adds CFO, Cristina Kim, in continued expansion bid

Bank of America, CLOs, JPMorgan Chase /

Octaura, an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs) has appointed Cristina Kim as chief financial officer, to oversee the company’s financial strategy following a major fund raise earlier this year. “Cristina’s deep market and investment expertise will be instrumental as we expand Octaura’s platform and partnerships, and continue to modernize […]

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BofA projects financial gains, but investors want even more

Bank of America, Brian Moynihan, Consumer banking /

Key Insight: At its first investor day since 2011, Bank of America expressed optimism on a number of financial fronts, but it wasn’t enough to stop its stock from dropping slightly on Wednesday. Supporting Data: The bank issued new guidance on its return on tangible common equity, saying ROTCE would reach 16%-18% over the next

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Fed prepares to pivot balance sheet, with potential ripple effects for mortgages

AnnieMac, Bank of America, Federal Reserve, HWmember, Jerome Powell, LendingLife, MBS, Monetary policy, Mortgage, Mortgage Rates, Regulatory, UMortgage /

A growing number of economists believe that the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry. Over the past few weeks, central bank officials have signaled they are prepared to wind down the policy aimed at shrinking

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Banks earned $1 trillion windfall during Fed’s high-rate period

Affordability, Bank of America, Citigroup, Homebuying, HWmember, Interest rates, JPMorgan Chase, Lenders, Mortgage, Mortgage Rates, Real Estate, U.S. Bank /

U.S. banks earned an estimated $1 trillion in excess interest revenue during the Federal Reserve’s two-and-a-half-year period of elevated interest rates, an analysis of official data by the Financial Times shows. Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers — boosting profit margins

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Baltimore launches $6.2B housing redevelopment effort

Affordability, Baltimore, Bank of America, City of Baltimore, Homebuilders, Housing Market, HWmember, JPMorgan Chase, Maryland, PNC, Real Estate /

Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected

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Migration slows under pressure of rate lock-in, cooling job market

Baby Boomer, Bank of America, Gen Z, Homebuyers, Housing Market, HWmember, Millennials, Mortgage Rates, Real Estate /

Americans are moving less in 2025, with overall migration still well below pre-pandemic levels, according to a new report from Bank of America Institute. The number of people who are moving remains significantly lower than before the pandemic – down almost 20% in the first quarter of 2025 compared to the first quarter of 2020,

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North Mill raises $582.3 million in second 2025 deal

ABS, Bank of America, Securitization /

Fixed-rate loans and lease contracts on medical, trucking and transportation equipment will provide collateral for $582.3 million in asset-backed securities (ABS) from the North Mill Equipment Finance, series 2025-B. North Mill Equipment Finance is sponsoring the deal, its second equipment securitization of the year, and is the servicer of the securitized pool, according to Moody’s

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Donald Trump

Trump changes tone on debanking, lays more blame on banks

Bank of America, Cryptocurrency, JPMorgan Chase, Politics and policy, Trump administration /

WASHINGTON — The Trump administration upped its rhetoric on debanking again on Tuesday, this time targeting banks themselves rather than their regulators. President Donald Trump once again took aim at two of the country’s largest banks, JPMorgan Chase and Bank of America, and their chief executives, for what he framed without evidence as discrimination against

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Bank of America

Bank of America sticking to organic growth plan: CEO

Bank of America, Branch banking, Commercial banking, Consumer banking, Earnings /

UPDATE: This article includes comments made during Bank of America’s earnings call and comments from an analyst’s note. Bank of America may find opportunities to make small, non-bank acquisitions, but for now it plans to keep directing excess capital into organic growth, CEO Brian Moynihan said Wednesday. The $2.4 trillion-asset financial giant — which, like

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CFPB cuts short monitoring of BofA mortgage practices

Bank of America, CFPB, HWmember, Mortgage, Regulatory, Regulatory Compliance /

The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028. In a filing made public Monday, the CFPB said the bank “fulfilled the obligations” of the agreement signed in November 2023,

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