Zeus Offers Crowdfunding for Hard-Money RE Loans. Four-Day Funding? January 11, 2017 Brandon Ivey In addition to crowdfunded hard-money loans, Zeus offers traditional forward and reverse mortgages.Read More
Non-QM Originator LendSure Lays Out its Plan for Growth January 10, 2017 Brandon Ivey LendSure is licensed in 12 states, with approvals pending in seven more…Read More
Short Takes: Gain-on-Sale Let-down? / About Those MSR ‘Marks’... / Ocwen Attorney Joins Philly Law Firm / Go with the ‘Waterfall’ / Vegas-Based Lender Hires Sales Chief January 10, 2017 Paul Muolo and Brandon Ivey As gain-on-sale margins decline, MSR marks will rise...Read More
The Love Affair Continues: First-Lien Holdings at Banks and Thrifts Up Again in 3Q16 January 10, 2017 Brandon Ivey Third-ranked Bank of America had the slowest growth among the three banks, with a $189.1 billion portfolio as of the end of the third quarter…Read More
A Wide Variety of Denial Rates Among Jumbo Originators January 9, 2017 Brandon Ivey Some 30 percent of jumbo application denials were tied to debt-to-income ratios, compared to 15 percent for all loan types.Read More
In Limbo: the ‘Prime’ Non-Agency MBS Market January 9, 2017 Brandon Ivey Some $1.57 billion in prime non-agency MBS were issued in the fourth quarter, down 61.3 percent…Read More
AMC Acquires Origination and Servicing QC Services from Stewart January 9, 2017 Brandon Ivey AMC acquired Stewart’s residential due diligence and servicing functions, including credit, compliance, origination and servicing quality control reviews.Read More
The Big Boys of Servicing Suck Wind; Smaller Shops Shine January 6, 2017 Brandon Ivey Growth was far from uniform among servicers, Inside Mortgage Finance found…Read More
Redwood Trust Readies First Jumbo MBS of the New Year January 6, 2017 Brandon Ivey It looks like Redwood Trust will be the first out the door with a jumbo security in 2017. Who’s next?Read More
Angel Oak’s Final Non-QM Tally for 2016: $700 Million January 5, 2017 Paul Muolo and Brandon Ivey “It was a record month for us,” said Angel Oak executive Mike Fierman.Read More