The fix-and-flip market is starting to look a little long in the tooth. Right? Maybe for some corporate investors. But for originators of these short-term loans, the grass still looks green.
A report by Fitch Ratings forecasts a sharp drop in originations and declining GOS margins that will put pressure on earnings for smaller nonbank lenders.
After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?
A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.
Transitioning borrowers from COVID-related forbearance to a loan modification or other resolution entails time-consuming and detailed work, Federal Reserve Governor Michelle Bowman warned.
RSS