Rep. Maxine Waters, D-CA, last week questioned HUD Secretary Scott Turner over sales of distressed assets to corporate buyers, which run counter to the Trump administration’s recent effort to push back on homebuying by institutional investors.
With the potential for interest rates to decline further, originators in the RTL and DSCR space have varying strategies for dealing with volume changes.
At a recent conference, lenders discussed what makes a good RTL and DSCR borrower, as well as common mistakes borrowers make taking out investor loans.
Balance Homes resumes operations; non-QM impairments rise in December; Brokers First Funding appoints Steven Winokur as chief marketing officer; American Heritage Lending offering product based on income from cannabis.
FHFA quietly increased the cap on the GSEs’ holdings of agency MBS from $40 billion apiece to $225 billion. That’s the same as the cap on their entire retained mortgage portfolios.