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 housing crisis made many skeptical of lenders as well as of financial service providers. So, how do rebuild the public's trust and restore its confidence in the industry?
Mortgage applications decreased across the board as the nation begins to prep for the holidays.
Ever wonder where turkeys lucky enough to survive Thanksgiving can be found?
An estimated $190 billion in HELOC loans will reset between the fourth quarter and 2017. Will the payment shock cause a wave of defaults and negatively impact bank balance sheets and the mortgage market?
Does a borrower really care about mortgage technicalities? The answer is yes but only if they get some benefit such as easier loan applications, lower interest rates or fewer foreclosures.
A spending bill provision, which U.S. lawmakers are expected to take up by the end of the year, could increase costs on mortgages that have already been originated and insured.