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%
Six New Yorkers have been charged in a mortgage scam designed to steal millions from lending institutions.
A large bank has agreed to pay the United States $200 million to resolve allegations of shoddy mortgage originating and underwriting. The bank also admitted to deficiencies in its processes
The turmoil in Iraq has spread into Syria, although the market hasn't seen much reaction. Janet Yellen is speaking at the IMF conference Wednesday, but it's unlikely she'll rock the boat. All this and more in today's rate snapshot
About 26,000 Floridians will soon be receiving claim forms for their portion of a recent $2.1 billion settlement
Among the most difficult issues facing lenders today is staying ready for compliance investigations from auditors
Although electronic submissions mean less human contact with underwriters than in days past, an originator still needs to put the human into the equation