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 high cost of living is starting to drive residents out, as more homeowners in the state face mortgage delinquencies.
Many economists are predicting rates to increase soon and some believe the cash borrowers have saved through refinancing will move toward remodeling projects.
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The CFPB rate checker has caused a lot of noise in the industry, but stop worrying about pricing and start worrying about marketing and the niche you will become the expert in.
The lender said the layoffs are due to the declining number of delinquent mortgages the bank now services.
According to Fitch Ratings, the new capital requirement by the regulator will have little effect on the industry and is not a solution for eliminating RMBS risk.