Proposed capital requirements for large banks would have an impact on high loan-to-value loans to borrowers in underserved communities, according to an analysis by the Urban Institute.
Former Civic Financial President William Tessar’s new business-purpose lending venture, CV3, is staffed by more than 150 employees from his former company.
Production of adjustable-rate mortgages increased by 25% from the first to the second quarter. However, the overall share of ARMs declined. (Includes data chart.)
Acra Lending updates guidelines; DBRS ready to rate securitizations of residential transition loans; Moody’s reaffirms ratings for Redwood Trust; MISMO updates implementation guide for home equity eNotes.