Recent fallout surrounding Ocwen Loan Servicing LLC is bringing U.S. banks back in greater numbers to the market as buyers of mortgage servicing rights , according to Fitch
Nonbank mortgage lending rose to 37.5 percent of the market during 2014, up from 14 percent in 2011. Who are the players?
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season.
The 30-year fixed-rate sinks to its lowest level since mid-February, dropping to 3.69 percent.
Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates moving down again across the board. Average fixed rates that continue to run below four …
More prospective homebuyers are eager to enter the market as the economy improves. Yet in this post-recession world, many borrowers are finding it difficult to navigate stricter le
Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …
Most homes are bought with mortgage loans, which let you buy property and come with tax-deductible interest. If you’re in the market for a new home, especially if you’re a first-time homebuyer, take some time to learn the ins and outs of mortgage financing so you know what to expect. You’ll also need documentation of liquid assets, cash in the bank, as well as credit history and current income.
Despite recent data showing weak home sales for January, a new report shows home buyers may edge back into the market in March.
mortgage loans drawn down in January decreased 2.7% month-on-month to $21.3 billion, the Monetary Authority announced today. mortgage loans approved increased 21.4% to $30.3 billion. Among these, mortgage loans for primary market transactions rose 43.7% to $7.9 billion, and those for secondary market transactions increased 18.1% to $17.8 billion. mortgage loans for refinancing rose 4.6% to $4.6 …