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Warehouse Banks: Clients Must Keep Dialogue Going

July 7, 2023
James Dohnert
Warehouse bankers advise lenders to stay in contact with their funders as the market deals with low inventory and volatile interest rates.
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Figure Launches HELOC Product for Wholesale Channel

June 30, 2023
James Dohnert
The platform offers end-to-end support and closing times measured in days, not weeks.
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Maxex Secures New Partnerships, Funding

June 30, 2023
James Dohnert
After deploying new solutions for the non-QM market, Maxex has partnered with South Street Securities Holdings and Atlas Merchant Capital for a new equity investment round.
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Issuance Boosts Struggling Non-QM Secondary Market

June 30, 2023
Brandon Ivey
The non-agency secondary market has been slow recently. But three new securities show there’s still some action.
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Dutch Co. Caps New Shared-Equity Mortgage at $500K

June 30, 2023
James Dohnert
Netherlands-based Anyone.com is the latest to throw its hat into the growing shared-ownership mortgage space. Its goal is to stretch available financing to assist as many homebuyers as possible.
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News Briefs

June 30, 2023
James Dohnert
The Loan Store launches HELOC product; LendingPros debuts condotel financing solution; Carrington Mortgage introduces 40-year fixed-rate terms for non-QM products; RenoFi partners with TruStage for after-renovation-value HELOCs; WAMC merges with Terra Property Trust; UWM announces four new bank statement loan options.
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FHA to Require Loan Originators to Use SCIFs

June 30, 2023
Monica Hogan
The Department of Housing and Urban Development will require lenders to use a Supplemental Consumer Information Form for all FHA Title II single-family home mortgages they originate beginning in August.
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Private MI Providers Showing Strong Performance

June 30, 2023
Monica Hogan
Insurance in force has been the main driver of earnings growth for private mortgage insurers.
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UI Offers Two Alternatives to FHA Loss-Mitigation Proposal

June 30, 2023
Monica Hogan
Under FHA’s proposal, participating servicers would receive $1,000 in compensation, but the Urban Institute said that personnel costs would often be higher than that.
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FHA Face-to-Face Rule Doesn’t Require Meeting, Court Rules

June 30, 2023
Monica Hogan
Flagstar Bank met FHA’s face-to-face requirement when it left a door hanger at the home of a borrower prior to foreclosing on the property, a state Supreme Court ruled.
Read More
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