Uncertainty on the future of Fannie Mae and Freddie Mac has caused some lenders to deliver their agency-eligible production to the non-agency secondary market.
The lending affiliate of the Onity Group paused its non-agency operations in Maryland as a new state regulation requires all parties involved in the mortgage lending process to be a licensed mortgage lender.
“These are great times for us to see what new opportunities are available,” said Ingrid Ripley, executive director of the single-family housing guaranteed loan program for the Rural Housing Service.
“Our entire vision is to build the company as an infrastructure provider that allows people to offer a mortgage right at the point of sale,” Realfinity CEO Luca Dahlhausen said.