Hot Fun in D.C., Part 2: Resurrected Mortgage Insurers

Note: Please see part one of this piece here.

Even as the newly reenergized Consumer Financial Protection Bureau (CFPB) has issued a report on its vigilance toward non-bank mortgage servicers, Bank of America's (BAC)  $11.6 billion settlement with Fannie Mae (FNMA) draws attention to just how coyote ugly the banks now see mortgage-servicing rights, in the wake of new Basel capital rules that force higher related capital charges. This was the largest deal yet, and another footnote to the Countrywide legacy and subprime disaster....806 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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