Conventional nonbank lender/servicers have been closed out of the IPO market for several years now. But if you fall into the nonprime category, it’s a different picture. Velocity is about to test the stock market waters.
Rates were lower at yearend than Sept. 30, which means MSRs owners can relax and take profits on the asset. Next week, when the megabanks begin reporting 4Q results, we’ll know just how good the numbers are.
Nonbank fintech lenders put a greater emphasis on borrowers with low credit scores and in areas underserved by banks, according to research pub-lished by the Federal Reserve Bank of Philadelphia.
Mortgage firms must remain vigilant over possible cyber attacks by Iranian hackers in retaliation for the killing of the country’s top military commander, U.S. financial regulators warn.
Small institutions were the fastest-growing segment of the banking industry in terms of retail mortgage originations in the third quarter of 2019. (Includes two data charts.)
2019 seemed like a slow year for mortgage-related acquisitions, but if you look beneath the surface, deals were getting done, particularly in the non-QM sector.
Freddie Mac, following in the footsteps of Fannie Mae, is offering buyouts to a portion of its workforce. A byproduct of the recap-and-release plan? It certainly looks that way.
It was another strong quarter for warehouse financiers, with nonbanks slurping up more market share. If you're an IMB, credit is plentiful and then some. (Includes data chart.)
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