Several well-known actors, including Henry Winkler, Robert Wagner and Fred Thompson, have appeared in such ads over the past few years, vouching for the products and their safety.
The supply of mortgage warehouse credit available in the market has grown as new players entered a field with subdued production through most of 2014, but usage rates have begun to climb. The amount of outstanding borrowing by mortgage lenders has increased by 150 percent over the past year, said Stanley Street, president of Street Resource Group, in a recent interview with Inside Mortgage Trends. His firm provides a software platform for warehouse lenders ...
According to Moody’s rating scale of long-term corporate obligations, obligations rated Caa are judged to be of “poor standing” and are subject to “very high" credit risk...
Refinance lending fueled the growth in mortgage originations during the first quarter of 2015, although new data suggest that the purchase-mortgage sector is taking hold. Mortgage lenders originated an estimated $221.0 billion of refi loans during the first quarter, an increase of 51.4 percent from a revised fourth-quarter production estimate of $146.0 billion. Inside Mortgage Finance refi and purchase-mortgage estimates for all four quarters of 2014 were revised to reflect just first-lien mortgage originations. Refi loans accounted...[Includes three data tables]