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%
President Barack Obama's top choice for Federal Reserve chair has withdrawn his name from contention, saying his confirmation was likely to be 'acrimonious'
One of the nation’s largest lenders will spend billions this year to put the lid on its compliance problems
A New York State Supreme Court justice said Tuesday that Bank of America’s Merrill Lynch mortgage unit will have to defend a lawsuit over $1bn worth of mortgage-backed securities
This week’s deluge in Boulder, Colo., shattered a 73-year-old rainfall record and triggered the mandatory evacuation of some 7,000 households, but despite what nature was throwing at them some area mortgage originators soldiered on.
A federal judge has rejected a request by a mortgage firm to dismiss a lawsuit accusing it of defrauding the U.S. government
Mortgage lenders are prepared for the January implementation of a new underwriting rule, the director of the Consumer Financial Protection Bureau has told Congress