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%
The trial of a former Fannie Mae employee accused of soliciting kickbacks for foreclosure listings has begun in California
Mortgage investors appear set to take Ocwen to task on what they've branded "servicing abuses"
The bill deciding the future of Fannie Mae and Freddie Mac is due within days, and has been hailed as a bipartisan agreement
The nation's largest mortgage lender last year beat its nearest competitor handily, originating more than twice as much new business
A major lender has shut down its wholesale division, but has said it will focus its efforts on correspondents
Several of the country’s leading mortgage insurers have announced the launch of a new trade association for the industry