Verus Mortgage Capital is boosting its correspondent acquisition volume by focusing on non-agency mortgages, including non-qualified mortgages. The aggregator was founded in 2015 by Invictus Capital Partners, an investment firm based in Washington, DC.
Recent structural changes and new priorities at the Consumer Financial Protection Bureau will significantly reduce the bureau’s ability to police discriminatory lending, the Brookings Institute said.
The inspector general of the Federal Housing Finance Agency last week said the regulator of the two government-sponsored enterprises should set stricter guidelines for Fannie Mae and Freddie Mac, more like the approach taken by banking regulators.