If all goes well, the net proceeds will total $20.25 million.

It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…

SG Capital Partners, a boutique investment banking firm chock full of former Goldman Sachs executives, has launched a new wholesale lender to originate non-qualified mortgages, most of which will wind up in MBS deals.

But the program has been a dud...

The differences are tied to how the rating services define full documentation.

JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...

Correspondent-based mortgage production operations lost some ground in the conventional-conforming market during the second quarter of 2018 but made up some of it in an unlikely sector: jumbo originations. Jumbo production by correspondent lenders increased by a huge 63.7 percent from the first to the second quarter of 2018, according to a new Inside Mortgage Trends analysis. The data come from Inside Mortgage Finance surveys from lenders ... [Includes two data charts]

The Mortgage Bankers Association is working to reduce the speed talking and fine print that tend to accompany advertisements for mortgages. Currently, ad-disclosure requirements for mortgages vary by state. In August, Illinois became the first state to adopt a uniform ad-disclosure protocol supported by the MBA. Mortgage ads in the Prairie State must now include a reference to the Nationwide Multistate Licensing System and Registry’s consumer access website and cite ...

Stearns Lending this week rolled out a new partnership program to acquire equity stakes in independent retail mortgage banking franchises as it tries to broaden its origination base. Under the company’s “Preferred Partner Platform,” Stearns will offer its lending partners technology and operational support as well as capital markets assistance, said company CEO David Schneider. Participating lenders are able to maintain their brand identity, management and culture. The first acquisition was ...

Variations of a mortgage program that guarantees a $1,000 credit toward borrowers’ closing costs if the loan does not close on time are now a big hit in the market, according to some lenders. Under such programs, lenders provide a guarantee on the timely closing of their loan. If for some reason, closing is delayed or postponed beyond the initial closing date, the originator will pay the borrower $1,000 to cover closing costs. Inside Mortgage Trends looked at three mortgage lenders and found ...