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%
Mortgage lending costs in the United States could increase in 2013, prompting lenders to pass on the burden to borrowers and hampering the nascent housing recovery.
The ongoing civil fraud case against Bank of America for allegedly selling toxic mortgage assets to government-sponsored mortgage investment companies could target individuals and bank employees.
ICON Residential Lenders (“ICON”), a leading national wholesale mortgage originator and servicer, announced today that Jeffrey Lisinicchia, CPA, will join the company as Chief Financial Officer.