The transaction includes about 123 loans and is expected to close by August
Refi activity also rose to 46.6% of total mortgage applications from 45.4%
The generation is forecasted to be a driving force in housing in 2015 and traditional marketing methods aren’t enough to attract the newest consumer power group.
The number of people quitting their jobs has hit a seven-year high and it could be a good thing.
Is the housing market so frail that it could be demolished by higher mortgage rates?
The group is calling on regulators to investigate alleged pro-foreclosure campaigns that they claim have been launched by several Wall Street giants.
Quicken Loans seems to think so as it is suing the DOJ and HUD. The lender said it had no choice after the DOJ demanded it “make public admissions that were blatantly false, as well as pay an inexplicable penalty or face legal action.”
While the regulator is making changes to financial and operational requirements of PMIs, it is leaving g-fees alone.