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 man who purchased a Cape Coral, Florida, home at an auction made an appalling discovery in his newly acquired property.
The latest senior loan officer survey reports majority of banks are still hesitant about residential lending, and specialized non-bank companies have been stepping in to fill the void. However, the group has started to ease up on commercial real estate lending standards.
October's unemployment rate declined to 5.8%, but job creation missed expectations. Meanwhile, increasing realization is spreading that the Fed and other central banks cannot heal all problems; a message that is way past due.
The billionaire set a skyrocketing foreclosure rate last quarter through a company he is chairman of, Altisource Residential.
The big bank, which is accused of certifying more than 6,000 ineligible FHA-insured mortgages, is hoping to resolve the lawsuit with the U.S. government.
Which one is causing the most drag on homeownership? RealtyTrac takes a look at the housing markets in more than 500 U.S. counties to find the answer.