The impairment rate on securitized non-qualified mortgages rose sharply in August. The increase can largely be explained by the month ending on a Sunday, according to dv01.
Constructive Capital is posting below average delinquency rates on mortgages for investment properties while offering more lenient underwriting than the industry average.
Prices for luxury homes break from overall trend; The Mortgage Calculator launches asset depletion and asset utilization mortgage program; Planet Financial Group appoints Tim Fisher as senior vice president of non-agency lending.
Bayview Asset Management first acquired a stake in Guild Mortgage in 2020. BAM is on track to fully acquire the lender by the end of the year, after an effort by a competing bidder didn’t proceed.