Wall Street powerhouse The Blackstone Group acquired Skyline Lending late last month, setting the stage for a potential shakeup at its mortgage operations, which include Finance of America and Stearns Lending.
Having little proficiency in English is a big impediment to homeownership, according to a new study by the Urban Institute that examined homeownership by zip codes. The think tank lauded the addition of the preferred language question to the Uniform Residential Loan Application and said it’s a move in the right direction.
Nonbanks accounted for just over half of the total first-lien mortgage production by the top 100 lenders in the market, according to a new Inside Mortgage Finance analysis and year-end tally.