Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.
Nonbank lenders are offering new HELOC options for homeowners who are self-employed or are looking to tap equity in their investor and second-home properties.
Ellington Financial, MFA Financial and AG Mortgage Investment Trust boosted net income in the fourth quarter and expect to see strong performance this year.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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