“Regulators are taking more notice of this part of the market,” Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said of the non-agency sector.
Jun Choi and Richard Tak are the sole owners of Mortgage One. They will receive 300,000 shares of Linkhome’s stock, which is trading at around $1.00 per share.
“Potential homebuyers shrugged off the current economic and mortgage rate uncertainties and returned to the market,” said Joel Kan, a vice president and deputy economist at the MBA.