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 ...

The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…

Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...

Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.

Homebuying anxiety has set in with many house hunters telling Realtors they are dispirited by the stiff competition for the short number of listings they can afford…

UWM’s Mat Ishbia credits the company’s strong ties to the broker community for its performance…

Mortgage brokers are gaining market share in jumbo lending…

loanDepot CEO and founder Anthony Hsieh: “I’m bragging so don’t read [this] if it irritates you.”

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

With refi volume falling, Mangiaracina said non-QMs will be key...