MFA CEO Craig Knutson said he’s pleased the REIT has “gained traction on these new acquisition efforts, which involve relationships cultivated over the past year or more.”
Private mortgage insurers appeared to gain market share in the third quarter of 2018 as purchase-mortgage lending surged in the agency market, according to an exclusive ranking and analysis by Inside Mortgage Finance. [Includes three data charts]
Over the past two years, insurance conglomerate Eli Global has been quietly vetting mortgage companies for purchase, occasionally striking deals while appearing hungry for more. But now, the company is taking a major pause after news broke that Founder and Chairman Greg Lindberg will be the subject of federal grand jury testimony in Charlotte, NC, next week.
The Senate Banking, Housing and Urban Affairs Committee next week is expected to push officials from Fannie Mae, Freddie Mac and the Federal Housing Finance Agency on controversial pilot programs that have drawn the ire of certain industry factions.
Artificial intelligence and machine learning technology are currently being used by 26 percent of lenders surveyed by Fannie Mae. The government-sponsored enterprise also found that the share of lenders using such technology could hit 60 percent within two years.
The Department of Veterans Affairs has spiked an interim final rule on “qualified mortgages” in favor of a new separate rule establishing new QM standards.
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