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%
While other home builders praise the new standards, the founder of Toll Brothers says it’s “a really dumb ass idea.”
Three million dollars will barely buy you a place in Manhattan, but in Detroit it will get you thousands of homes.
The accusations against the largest U.S. nonbank servicer may put it in jeopardy with other regulators and threaten a pending multi-billion dollar deal.
It may have been a while coming, but the regulator has finally spelled out a number of changes to its rules, including QM loan requirements.
New home applications are down, and one of the causes may be surprising – America’s oil boom
The California firm continues its rapid U.S. expansion, and with this acquisition, it has added more than $800 million in loan volume.