Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.
A&D announces new pricing tiers for DSCR loans; REMN Wholesale announces June pricing special; Acra has record-breaking May; Champions hires new VP of underwriting.
An analysis by Inside Mortgage Finance found that only 1.5% of purchase mortgages in agency mortgage-backed securities issued in 2023 carried a combined loan-to-value ratio greater than 97%.
Fee cures caused by TILA-RESPA Integrated Disclosure violations are one cost-cutting area lenders should consider when looking to save money in today's low origination volume environment, according to a new whitepaper by ICE Mortgage Technologies.