FHA lending in February hit the lowest monthly total since late 2008 thanks to a huge decline in purchase-money lending, and unlike the trend at the government-sponsored enterprises, the drop wasn’t offset by an increase in FHA refinances. Lenders originated only $24.4 billion in FHA-insured mortgages in February, down 9.6 percent from the $27.0 billion in January and off 29.3 percent from the $34.5...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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