FINRA made some concessions to the industry in the proposal issued in October, but many MBS traders warned of dire consequences if the proposed margin requirements take effect.
After a seven-year hiatus, Silver Hill Funding this month re-entered the market for small-balance commercial mortgages, rolling out a menu catering to borrowers that are looking to buy multifamily properties, as well as office, retail, light industrial, self-storage and mixed use. Under its initial program, it will extend credit to both investors and owner-occupants ranging from $250,000 to $1 million as the nonbank attempts to serve a niche that it believes is ignored by ...
In the same blog post, Hsieh – who did not talk to the press about the scuttled IPO – described loanDepot as a “unicorn startup,” calling it “one of the very few success stories not from Silicon Valley.
Recent findings from a Fannie Mae survey suggest a substantial digital divide exists between the mortgage lending industry and younger, more tech-savvy borrowers who want to shop for a mortgage online via mobile technology, such as smartphones and tablets. For instance, roughly three out of four lenders surveyed recently by the government-sponsored enterprise do not offer a mobile software application to help consumers shop for a mortgage. “Larger and mid-sized ...