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%
Executives can be divided into five categories, requiring different methods of persuasion.
Our "Lenders Wanted” section connects originators with lenders who can fund tough-to-finance loans
Two U.S. Congress members have requested the GAO look into the risks posed by nonbank mortgage companies, noting the firms are not regulated as strictly as banks.
The nation’s largest servicer of subprime mortgages may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, according to New York regulators.
Despite recent efforts made by officials to ease uncertainties among lenders, the industry still has a lot to do before credit begins to expand.
Originations will continue to grow in 2015 – but with rates headed toward 5% next year, now is a good time for borrowers to refinance, according to an industry expert