With the mortgage boom officially over, banks are closing facilities and units that have been servicing customers looking to refinance their home loans. JPMorgan laid off more than 2,000 employees in early August—about half of them in originations, according to a person familiar with the situation. The bank had said in February that it would…
Demand for existing homes continued to rise over the previous thirty days according to the National Home Sales Snapshot released by DataQuick while home values rebounded after three weeks of declines. There were 269,817 properties sold over the previous thirty-day rolling period ending September 12th, up 0.9 percent from the previous week’s total of 267,316…