Bayview offers several products for near-miss agency borrowers as well as non-QMs with guidelines that are more forgiving than those offered by jumbo lenders.
The eight banks tracked by the OCC’s Mortgage Metrics report – including Wells Fargo and JPMorgan Chase – completed 7,571 principal reduction mods in the first quarter...
The MBA took particular aim at the proposed enhanced standards for large nonbank servicers, noting that such firms are already subject to extensive regulation from the GSEs and others.
The CRC believes the pool of aspiring homeowners does not have affordable financing options comparable to the liquidity provided to investors that are buying up homes en masse...