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September 13, 2018

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September Issuance of Final FHA Condo Rule Unlikely

So far, the final rule has not been delivered for OMB review, a process that in the past has sometimes taken months to complete. Read More

Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential

Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent… Read More

Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board

The number of mortgage lenders using technology from Blend has quadrupled in the past year… Read More

Stearns Agrees to Buy Stake in $3.2 Billion Lender as Part of PPP Effort

The pending deal marks the second acquisition in Stearns’ new Preferred Partner Platform initiative… Read More

Short Takes: Late for an Anniversary / GSE Reform: A Solution Searching for a Problem / ClearEdge Lending Ramps Up / Warehousing the Non-QM Market / LendingTree Shareholders Not Smiling Right Now

Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water… Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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