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%
Regulators issued new mortgage rules on Thursday designed to prevent a return to lending practices that cratered the housing market and brought the financial system to its knees during the past decade.
In stark contrast to the significant household deleveraging that has taken place over the past five years, a large majority of bankers believe the numbers of consumers applying for refinancing and new mortgage credit will increase over the next six months.
The best real estate investing schools just can’t prepare you for the school of hard knocks in real estate investing. The following stories come from 3 newbie real estate investors who all have formal educations in real estate investing.
The U.S. Consumer Financial Protection Bureau (CFPB) is expected to deliver the definitions and rules that make a qualified mortgage.