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BOFA to Sell Rights to Service $300 Billion Loans

Bank of America Corp is in talks to sell collection rights on $300 billion of mortgages, two sources familiar with the situation said, in an effort to offload problem exposure after huge losses from its Countrywide Financial acquisition.

Congress Approves Some Sandy Relief Amid Anger Over Delay

Congress on Friday approved $9.7 billion in initial relief for victims of Superstorm Sandy, but New York and New Jersey lawmakers seethed over delays in passing the rest of a $60.4 billion federal aid package.

HSBC Reveals New Mortgage Rates for Prospective Investors

HSBC introduced new mortgage rates for prospective and fresh property investors. Experts have opined that the rates are the best deals in the market. The new rates will help attract more customers not only augmenting business for the bank but also boosting the real estate market.