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 government shutdown is entering its second week, but some mortgage professionals say that while the loan process has slowed, their customers aren’t feeling the pinch yet
The nation’s 6th-largest provider of residential retail mortgages is laying off hundreds of employees as higher mortgage rates discourage refinancing
Talks between JPMorgan Chase & Co. and the federal government over a possible $11bn settlement stalled last week
A mortgage industry head and a leading economist are warning that a prolonged government shutdown could stall the housing recovery
Nearly half of all bank-owned homes nationwide are still being occupied by the previous owners, presenting a unique opportunity
The housing recovery should gain momentum next year despite tighter credit conditions and other challenges, according to the National Association of Homebuilders