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 acting head of the Federal Housing Finance Agency continues to insist on lowering maximum loan limits for Fannie Mae and Freddie Mac, despite opposition from industry groups and lawmakers.
Republican lawmakers have taken aim at the CFPB, accusing the organization of having excessive power with no checks or balances
The Consumer Financial Protection Bureau is suing a Kentucky law firm for allegedly paying illegal kickbacks for mortgage settlement referrals
A major lender has claimed its settlement with New York State stemmed from "legacy issues" that current management was unaware of
The Federal Housing Finance Agency won’t be reducing maximum loan limits for Fannie Mae and Freddie Mac until next spring at the earliest, according to Acting FHFA Director Edward DeMarco
Five people were indicted and two more have pleaded guilty in a multimillion-dollar mortgage scheme that claimed more than 500 victims