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Change Lending Reportedly Loses CDFI Designation

August 28, 2023
James Dohnert
While Change Lending is no longer on the list, its parent company, The Change Company CDFI, remains...
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Non-QM Lenders Push for Cost-Cutting Measures

August 25, 2023
James Dohnert
Lenders of non-qualified mortgages are continuing to reduce expenses through increased use of technology and adjusting compensation of certain employees.
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Rising Home Prices May Impact Jumbo Market

August 25, 2023
James Dohnert
The jumbo mortgage sector is evolving as the cost of higher-priced homes has continued to grow exponentially.
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Chase Sources DSCR Loans From Blackstone for MBS

August 25, 2023
James Dohnert
Chase teamed with Blackstone for a $308.1 million non-agency MBS backed by mortgages for investor properties.
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Altisource’s Non-Agency Business Under Review

August 25, 2023
James Dohnert
Altisource Asset Management is considering changes to its non-agency origination business as losses pile up. Alternatives under consideration include a sharp pivot to electric vehicle charging.
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Fix-and-Flip Lender Highlights Inclusive Lending Practices

August 25, 2023
James Dohnert
A new report from fix-and-flip lender Backflip details how its loans can help create more equitable lending practices.
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News Briefs

August 25, 2023
James Dohnert
A slew of non-agency MBS hit the market; Roc360 forms a real estate investment trust; Deephaven Mortgage launches second mortgage product.
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FHA, VA Set Assistance for Maui Borrowers

August 25, 2023
Monica Hogan
Federal housing agencies are directing mortgage servicers to instate a moratorium on foreclosures for homeowners affected by the Maui wildfires.
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Tozer Proposes Help for Nonbank Ginnie Issuers

August 25, 2023
Monica Hogan
Without additional funding support, nonbanks don’t have options to fund servicing advances for loans that are 90 or more days past due, former Ginnie Mae President Ted Tozer said.
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Southwest Funding Loses FHA Direct Endorsement Authority

August 25, 2023
Monica Hogan
The FHA Credit Watch Termination Initiative is separate from any action taken by HUD’s Mortgagee Review Board.
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