On the loanDepot facility, Bank of Montreal is acting through its Chicago branch...

Keith Lind, executive chairman and president of Acra Lending, an early pioneer in the sector, echoed Pallante’s view, noting there’s a new set of investors for non-QMs.

The share of investment-property mortgages on the LoanNEX platform increased to 35% in August from 25% in the first quarter of 2021...

The move marks a change of pace for UWM, which has been issuing its own non-agency MBS with GSE-eligible mortgages for investment properties.

Fannie Mae and Freddie Mac already offer 40-year loan modification terms.

Rocket recently extended two master repurchase agreements it has, one with Barclays Bank and another with Citibank.

The CEO detailed a variety of plans, from establishing asset management operations to venturing into home-equity products and expanding its footprint in business-purpose lending.

The nation’s sixth-ranked lender, loanDepot, doesn’t have a corporate back-to-the-office mandate yet...

New HELOCs and second mortgages were up 24% in the second quarter.

The plaintiff is former COO Tamara Richards, who was making at least $800,000 a year at loanDepot. She has a blue chip resume that includes stints at Bank of America (10 years), Caliber Home Loans and other shops.