The interest rate on 30-year conventional rate mortgages will hit 6.0% sometime in the second quarter, according to industry consultant Paul Hindman...
Too many credit unions and community banks are ignoring the risks of ill-thought-out interest rate lock strategies, according to Black Knight. By using technology that integrates lock commitments with loan origination system data, lenders can more effectively hedge against risk.
Non-QM lending was supposed to be an industry bright spot this year, but unhedged loan pipelines are causing selected damage throughout the sector. One victim: Sprout Mortgage.
Secondary market player Maxex has received a new round of funding from its backers, but details are a bit light. The platform hopes to engage in more non-QM trading this year.