Lender tells partners it won't fund loans that haven't already closed.
Reverse Mortgage Funding LLC (RMF), a Bloomfield, N.J.-based reverse mortgage lender, halted all of its origination activities Monday. In a letter addressed to its “partners” and obtained by National Mortgage Professional, RMF also states that “all loans that have not clos...
Mortgage payments are up by $629 in the first 10 months of the year, a 45.5% increase.
The cost of mortgages continued to rise in October, thanks to higher mortgage rates and home prices still high despite declines. The Mortgage Bankers Association (MBA) on Tuesday released its monthly Purchase Applications Payment Index (PAPI), which measures how new monthl...
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