It’s the first non-agency MBS with a significant amount of electronic promissory notes, according to Moody’s Investors Service.

Newfi said it chose Dunmor as a partner because of its technological expertise in the RTL space.

VA stressed that borrowers should still negotiate their buyer-broker fee and that homebuyers can still ask sellers to pay the fees at closing.

SPS, which has been servicing residential loans since 1989, handles a portfolio of about $180 billion, largely of loans in non-agency mortgage-backed securities.

Morgan Stanley and Chase are marketing prime non-agency MBS with loans eligible for sale to the GSEs.

The CFPB reiterated that Regulation Z prohibits mortgages for principal dwellings from including “terms requiring arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling claims arising out of the transaction.”

Housing affordability ranked as more important for voters in the 2024 presidential election than abortion rights or student debt, according to a survey commissioned by Redfin.

A number of banks reduced their jumbo originations in early 2024 and nonbanks aren't fully picking up the slack.

Michael Cohen, former President Donald Trump’s former attorney, testified during the trial that he used proceeds from a personal home equity line of credit to pay off Stormy Daniels on behalf of Trump.

Goldman aggregated HELOCs from various lenders for the new securitization.