trimmed staff at its alt-A/conventional mortgage affiliate

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How Bank of America May Cut as Many as 8,400 Jobs – Bank of America (BAC – Get Report) may trim the staff its consumer business as much as 12%. such as opening a credit card or taking out a mortgage. In response, Nguyen is refurbishing branches to.

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Underwriting Loosening for Conventional Conforming Loans –  · To expand the credit box to creditworthy borrowers, Fannie Mae began accepting mortgages with loan-to-value (LTV) ratios up to 97 percent in December 2014 and Freddie Mac in March 2015. To further expand access to credit, Fannie Mae raised its DTI ratio level from 45.

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