Vista Point Mortgage was launched about a year ago by Bill Ashmore, the former president of Impac Mortgage Holdings.

In a few weeks, Ocwen will report fourth quarter results. In trading Wednesday, its common was fetching $1.28 compared to a 52-week high of $2.45 and a low of $1.24.

Kristy Fercho of Flagstar said the bank is comfortable with the CFPB’s plans, noting the transition to a new measure for QM status should be “pretty easy to manage.”

Sprout funded $2.78 billion of originations in 2019, with an emphasis on non-qualified mortgages.

Mortgages for co-sponsored deals are usually aggregated by the investor with a whole-loan sale flow arrangement.

Over the last two years, the average credit score on mortgages in expanded-credit MBS was 726.8.

According to market observers, People's United is committed to agency and government-related warehouse finance and was happy to find a home for ResX and its six or so employees.

Many support raising the DTI threshold and incorporating compensating factors, but others recommend full elimination of the current standards.

Fun fact: More VA loans were funded in the 4Q19 than FHA-backed mortgages, a rarity.

The $699.2 million expanded-credit security tops a $681.0 million deal Invictus issued in October.