Newfi Lending has rolled out a new non-agency jumbo loan program for its wholesale mortgage broker partners aimed at high-asset borrowers who are difficult to qualify. The program, Sequoia Portfolio Plus, is designed as a go-to alternative for creditworthy borrowers who could not qualify for conventional jumbo loans due to a less-than-stellar credit history. Sequoia combines the best of jumbo and nontraditional borrowing options, explained Newfi CEO Steve Abreu ...

Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...

The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…

Moody’s noted that if the provision becomes law, small banks won’t have to meet certain documentation requirements included in the CFPB’s ability-to-repay rule…

Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.

House Financial Services Committee Chairman Jeb Hensarling said the GOP is trying to negotiate in good faith…

It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...

FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”

Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.

Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…