Morningstar DBRS upgraded the outlook for its mortgage originator ranking of non-QM lender Acra Lending after a review that found the company has remained profitable for the last three years.
The platform is designed to help foreign investors purchase homes remotely. The new offering comes at a time when foreign investment in the U.S. housing market is shrinking.
Voxtur and Deephaven team on mortgage pipeline technology; CMG Mortgage to use FICO Score 10 T; Riskspan analyzes RTLs; ex-CEO of Genesis Capital launches new lending company.
Some lenders are ramping up hiring in anticipation of a cut in interest rates later this year. However, some observers don’t believe a rate cut will boost originations enough to warrant rising headcounts.