The volatility in interest rates, elevated housing prices and a lag in rental growth numbers are all prompting more investors to lock in loans with debt service coverage ratios below 1.0.
CPFB revises methodology for APOR; Fitch downgrades PacWest’s CRT; LendingOne taps ex-Sprout vice president for TPO business; DBRS adds new due diligence provider to “acceptable” list.
Affluent borrowers seeking jumbo mortgages have high expectations in terms of customer service. Lenders looking to work with such borrowers should establish specialized standards, according to an industry analyst.