Fractional homeownership in Norway shows the potential for partial homeownership programs in the U.S., according to a study published by the Federal Reserve.
Angel Oak Capital Advisors issues 50th non-agency MBS; locks on mortgages for second homes hit eight-year low; Acra Lending updates guidelines for DSCR program.
Investor demand for non-QMs is outpacing originator production, according to industry experts who spoke last week at the California MBA western secondary market conference.
Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, forecast a growth in new construction loans in the coming year.
Lenders increased their origination volume for ARMs in the second quarter of this year after a lull in lending in the first three months. (Includes data table.)
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