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%
Despite popular belief, the generation plans to take out more purchase and renovations loans and will account for nearly one in every four dollars spent on housing in the next five years.
NAHB is forecasting a 26% jump in production in 2015, which could provide more opportunities for financing in the undersupplied market.
Despite an improving job market and low interest rates, young borrowers are still having a tough time purchasing houses in today’s tight-credit market.
In honor of Election Day, digital realtor Trulia has studied the 100 largest U.S. metros and found that longer-term housing issues like declining affordability, low homeownership and rising inequality play out differently in Democratic- and Republican-leaning areas.
Conveying your mortgage business' message in a 140-character tweet can be difficult. What's even tougher is making that statement stand out among a sea of other tweets. However, with the right tools, your brokerage can easily engage the almost 300 million active users on Twitter.
Recent data out implies there is still a very strong demand for U.S. treasuries even with the end of the Fed’s QE3.