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%
Repeat buyers are projected to take center stage next year as steepening home prices cause first-time buyers to shy away.
The delinquency rate is expected to continue dropping in 2014, but more slowly than in previous years
Mortgage applications for new homes were down by 18% last month
The Department of Housing and Urban Development on Wednesday released its final rule defining “qualified mortgages” that the agency insures
JPMorgan may double the amount it spends on compliance in 2014 in the wake of billions of dollars in settlements and legal fees
Mortgage applications were up last week for the first time in six weeks, according to data