Applications for refinances declined for the fourth consecutive week.

The move would mean breaking from the external management by Cherry Hill Mortgage Management, which is owned by Stanley Middleman, CEO of Freedom Mortgage.

The BLS reading on mortgage employment trails the national numbers by a month.

As one consultant put it, “We hope they all survive. They’ve been a great team.”

New-home sales declined by 11.3% in May.

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Many of these types of cases are settled out of court, one attorney noted...

The CFPB reiterated that Regulation Z prohibits mortgages for principal dwellings from including “terms requiring arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling claims arising out of the transaction.”

The 30+ day delinquency rate stood at 3.09% at the end of April.