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IMFnews

May 31, 2018

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The Mortgage Industry Ponders: How to Finance ‘Gig Economy’ Borrowers

Seventy-one percent of lenders said borrowers with gig-economy income have applied for a mortgage within the past year... Read More

First-Time Buyer Share of Purchase-Mortgage Market Up in Early 2018

First-time buyers continue to fight the challenges of rising house prices, higher interest rates and depleted inventory… Read More

Cherry Hill REIT Raising Nearly $50 Million, Prompting Speculation on Expansion

The REIT was vague when describing what the cash will be used for, sticking to the standard line about using the proceeds for “general corporate purposes.” Read More

Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book

Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance... Read More

Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global

Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile. Read More

Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

The consolidation tidal wave approaches ... or maybe not... Read More

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