The former president has proposed banning mortgages for undocumented immigrants if elected to a second term. At this point, the loans are largely only available in the non-agency market.
Genesis Capital has issued more than $1 billion in rated residential transition loan securitizations since Morningstar DBRS started rating the securitizations in March.
With debt service coverage ratio loans becoming increasingly popular among lenders, underwriters need to balance guidelines against regional variations in rental values.
Brokers took ground in nonconforming loan originations from retail and correspondent lenders during the first half of 2024. (Includes two data tables.)
As in previous years, several large lenders have announced increases to conforming loan limits ahead of the FHFA’s official release. However, this time there’s a risk that some lenders overshot where conforming loan limits will be set in 2025.