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 ...

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.

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

The weighted average credit score is 701 and average LTV is 76.8 percent...

As part of his employment package, Mangiaracina is entitled to a severance payment of at least $750,000…

The two men steered Impac through the rocky waters of the financial crisis...

Mortgage brokers are gaining market share in jumbo lending…

Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.

First Republic Bank was the top-ranked IO lender in 2017, originating $7.40 billion of such product…