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%
Big banks will continue to see fallout – and make payouts – in the wake of the subprime mortgage crisis, according to an analysis by Standard & Poor’s.
In the wake of recent tornadoes and other storms, Freddie Mac is offering borrowers relief.
A California city’s controversial plan to help underwater homeowners is starting to attract attention in other parts of the country.
A sharp drop in mortgage activity and JPMorgan’s legal expenses caused bank earnings to fall year-over-year for the first time since 2009.
Home prices rose 2% in the third quarter, marking the first time since 2009 that the national house price level is higher than it was five years ago.
Home construction permits hit their highest mark in more than five years last month, while prices for single family homes showed big gains in September.