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%
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Laura Dimon, daughter of JPMorgan's CEO, is asking for a favor.
For the second consecutive quarter, originating a mortgage has proven to be profitable, according to MBA's latest survey.
Government officials have announced extra incentives for the more than 1 million borrowers under the Home Affordable Modification Program.
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