Payments to reverse mortgage borrowers to resume.
A Delaware bankruptcy court Monday approved a request from Reverse Mortgage Funding LLC (RMF) that will allow it to continue making payments to borrowers in the form of reimbursements, refunds, and out-of-pocket expenses. The court order also allows the company to continue ...
The volume of both rate/term and cash-out refi locks was down more than 86% YOY.
Overall mortgage rate lock volume in November fell nearly 61% from a year earlier, led by a big decline in refinance locks, as mortgage rates rose and housing affordability continued to fall. Mortgage Capital Trading Inc. (MCT), a capital markets software and services provi...
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