FHA loans are available for both purchases and refinances, includingcash out refinances. But their 3.5% down home purchase is probably the most popular reason people choose an FHA loan. For those with existing FHA loans looking to refinance to another FHA loan to obtain a lower rate, thestream...
The same basic rules apply. Your refinance must result in a lower interest rate, or you must switch from an ARM to a fixed-rate mortgage, and no cash out is permitted. The VA does not require an appraisal or a creditunderwritingpackage, and you have the option of rolling the refinance ...
Both lawsuits relate toOcala Funding LLC, a funding vehicle used byTaylor, Bean & Whitaker. TBW usedColonial Bankfor warehouse lending, which Bank of America sued in August. Deutsche Bank accused BofA of breach of contract for failing to safeguard more than $1.25 billion of cash and mortgage ...