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 very simple yet very useful way to look at competition, adapted for the mortgage industry.
The MBS market's knee jerk reaction to 10-year note yield jumped this morning pushed prices down. The 10-year shot up following news of better retail sales.
After originally planning to shrink its U.S. business by two-thirds, the bank announced it is fully exiting the market.
The mounting regulatory issues against the servicer may have affected its long-delayed mortgage servicing rights deal with Wells Fargo.Will the bad news ever end for Ocwen?
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
As the number of licensed mortgage loan originators increases across the nation, one state is experiencing a massive decrease in brokers.