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%
As unpaid student loans in the United States pile up and become delinquent, economists are concerned that would-be young homeowners are getting left out of the housing market.
American borrowers have come to regard the 30-year fixed rate mortgage (FRM) as the be all and end all of all residential lending products.
The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014
As retrospective analysis of 2012’s economic returns becomes more fleshed out, some pretty astounding figures are emerging.
In recent months, American taxpayers have witnessed quite a few realities with regard to the national budget.
As the political showdown over the United States budget deficit continues with the early days of the sequestration, government agencies are beginning to asses the impact of the sudden spending cuts.