Ocwen Financial Corp. will pay $2.5 million and hire outside accountants to settle a dispute with California, which had threatened to suspend the license of the mortgage payment collector and foreclosure specialist.
The average 30-year fixed-rate mortgage is close to 3.6 percent, a near rock-bottom low that???s more than a full percentage point lower than this time last year. And for many, refinancing could mean huge savings. In the words of ???Shark Tank???s??? Barbara Corcoran:?????Money???s on sale.???…
The bond market is suggesting an overheated Canadian housing market is about to get even hotter just in time for the spring thaw.
Mortgage applications in the U.S. climbed for a third consecutive week as lower borrowing costs propelled gains in refinancing.
Canyon Partners is paring its bullish investments in the mortgage-bond market after the hedge fund made about $7 billion in the past decade capitalizing on opportunities leading up to and following the financial crisis.
Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.
Mortgage rates declined for the third straight week, with lenders on average offering 3.63% on a 30-year fixed loan, Freddie Mac reported Thursday.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.
The 30-year fixed-rate average has dropped nearly 40 basis points since November to 3.63 percent and is at a 20-month low.
Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates falling again amid declining bond yields and oil prices. Averaging 3.63 percent, the …