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%
A U.S. bankruptcy court judge has dealt investors a possible 21-year setback in their battle with Lehman Brothers over losses on residential mortgage-backed securities.
Following a four-point uptick last month, confidence in the market fell, according to NAHB data released today. However, home builders appear to be more optimistic than the reality in the housing sector.
While many economists are predicting a rise in mortgage rates in 2015, Bank of America Merrill Lynch analysts are forecasting differently.
Asking prices are rising faster in Gen X, boomer, and senior markets than in millennial markets. But there’s a mismatch in where young adults live versus where they can afford to buy a home. For many millennials, homeownership will require moving to a cheaper market.
Fannie Mae has expanded its risk sharing offerings with the announcement of a deal, which transfers the credit risk on a pool of loans.
In our industry--an industry that has taken quite a few hits in the media in recent years--establishing trust is even more important.