Acra Lending is just one of many businesses that are controlled by New York investment giant HPS. But now that BlackRock is buying HPS, what might the future hold for the non-QM lender/servicer?
Increasing investor demand and a need for insurance companies to diversify risk has led to growing interest in the insurance-linked securities market and catastrophe bond issuance.
Subservicing balances are declining across the spectrum, but not all vendors are suffering. Cenlar remains the market leader, but Mr. Cooper, ranked second, is no slouch. (Includes data table.)
A provision in the proposed rule that would limit sales of “credit header” information only to users who have a permissible purpose to obtain it would restrict the ability of lenders to advertise mortgage products.
Automatically increasing the caps for loans to be eligible for sale to the GSEs increases access to mortgage credit, but at the expense of increasing home prices.
Lenders could increase originations of mortgages from first-time homebuyers if they did more to educate their loan officers on downpayment assistance programs.
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