Finance & Mortgage

S&P affirms Wells Fargo Home Equity Servicer Ranking

Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on Wells Fargo Home Equity (WFHE) as a residential mortgage subordinate-lien servicer. The outlook is stable.

UK February Mortgage Lending Shows Healthy Trend For 2012

Gross mortgage lending by building societies and other mutual lenders rose 28% in February 2012, compared to the same month last year, according to the latest figures from the Building Societies Association.

BOfA Gets $1 Billion Baupost Lawsuit Dismissed

Bank of America Corp on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities.