Achilles Mortgage to focus on fix-and-flip lending; EverBank to buy Sterling Bank; CV3 launches loan servicing division; Chain Bridge files for initial public offering.
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.
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.
The real estate mortgage trust is ramping up its acquisitions of residential transition loans in hopes of building a steady pipeline of rated RTL MBS deals in the coming quarters.