Despite interest rate cuts from the Federal Reserve, fix-and-flip lenders believe a lack of inventory and traditional seasonality will lead to a quiet end to 2024.
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.
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