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Many economists are predicting rates to increase soon and some believe the cash borrowers have saved through refinancing will move toward remodeling projects.
Monthly prepayment rate is highest since February 2009 as lenders have been recovering greater gross percentages of unpaid balances through REO liquidations than through short sales.
Ocwen has denied accusations that the company's practices created defaults on $82 billion of home loans and said the allegations are baseless.
The S&P/Case-Shiller Home Price Index points to stability in the housing market as home prices across the country are starting to level out.
U.S. equities jumped 5% in the past three sessions as Fed Chair Janet Yellen said the central bank will likely hold key rates near zero at least through the first quarter, even as the U.S. economy strengthens.
After nearly three years and hundreds of thousands of property purchases, the nascent single-family rental industry is at a crossroads in terms of future growth and long-term staying power. So how will these players will cash out of their property portfolios?