Nonbank mortgage lenders continued to gain market strength in first-lien originations during the third quarter of 2018, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
The Department of Veterans Affairs this week sought comment on an interim final rule amending its regulations on cash-out refinancing as part of its effort to prevent abusive lending practices that target VA loans and veteran borrowers.
One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.