Jumbo Lending Looks Likely to Slow in 4Q October 25, 2024 James Dohnert The seasonal decline in purchase-mortgage originations and interest rate trends will likely prompt jumbo lending to slow in the fourth quarter.Read More
Broker Sees Opportunities in Self-Employed Products October 25, 2024 James Dohnert Despite the high rejection rate, Truss Financial believes self-employed borrowers can be less risky than those who are underwritten to W-2s.Read More
Backflip Plans to Build Out RTL Funding October 25, 2024 James Dohnert The lender completed a capital raise, with plans to originate more residential transition loans and potentially issue MBS.Read More
Digital Mortgage Exchange HomeLend Raises Funds October 25, 2024 James Dohnert HomeLend, which aims to increase liquidity in the mortgage market, completed a new investment round.Read More
News Briefs October 25, 2024 James Dohnert Click n’ Close expands shared appreciation mortgage product offering; and Kiavi promotes Tim Lawlor to the post of chief financial officer.Read More
S&P Proposes Easing Rating Criteria for Residential MBS October 24, 2024 James Dohnert The rating service proposed more closely aligning its criteria for rating U.S. residential MBS with how it assesses residential MBS in other countries. The likely result: no downgrades and many upgrades.Read More
Investors Hungry for Loans on Investment Properties October 24, 2024 James Dohnert DSCR and investor loans are seeing strong interest from investors due to the housing market and new rating methodologies.Read More
UWM Pushes New Refi Product as Rising Rates Slow New Applications October 24, 2024 James Dohnert The new offering allows for a cash-out refi with an LTV ratio near 90% without borrower-paid mortgage insurance.Read More
Outsourcing an Option as Originations Grow October 24, 2024 James Dohnert Using outsourcing providers can help lenders avoid the hiring cycle that accompanies originations booms and busts.Read More
Chopra Pushes Back on Narrative That CFPB Is Politically Motivated October 22, 2024 James Dohnert CFPB director Rohit Chopra said there has never been an "iota" of political motivation within CFPB investigations.Read More