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%
Getting referral business from real estate agents can prove to be a difficult task at first. Industry expert Dave Hershman highlights some of the best ways to get a positive response from realtors.
Prior to joining the MSF team, Teahan was a lender with other Farmington-area financial institutions.
At hearing Thursday in Los Angeles, regulators scrutinized CIT Group’s pending $3.4B buyout of OneWest Bank, while chief executives from both banks played down too-big-to–fail fears.
The association has responded to allegations of an apparently fraudulent letter regarding changes to the QM rule.
What's the future role of the FHA? The USMI chairman and other housing advocates testified before U.S. Congress to stress the need to find the right balance between the roles of the FHA and MI when it comes to taxpayers.
The lender said the layoffs are due to the declining number of delinquent mortgages the bank now services.