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%
Mel Watt's experience on the House Financial Services Committee makes him an ideal pick to head the FHFA, says MBA's chairman.
Several members of Congress say new, stricter mortgage regulations should be delayed at least a year.
Industry pros applauded Tuesday's confirmation of Rep. Mel Watt as the next director of the FHFA.
A federal judge has approved Bank of America’s $500 million settlement with investors who bought mortgage debt from the lender’s Countrywide unit
A federal judge has approved a $153 million settlement in a decade-old lawsuit against Fannie Mae and its former accountant, KPMG
The FHFA announced it will be raising Fannie and Freddie guarantee fees again -- a move that's going to cause headaches for originators and borrowers, according to an industry group head.