Financing

Foreclosure.com

Several wholesale mortgage lenders are now offering Non-QM programs. Other recently announced offerings include Alt-A, jumbo and nonprime programs.Non-QM agency and hard-money mortgages are being offered by ALTRA Mortgage Capital LLC-subsidiary ALTLOAN, a news release Tuesday said. Loan amounts as high as $3 million are available for one- to four-unit [...]
Tue, Jan 02, 2018
Source: Financing
Despite an increase in securitizations at Fannie Mae, overall issuance of agency mortgage-backed securities fell in the final month of 2017. Annual activity also eased.Between Fannie, Freddie Mac and Ginnie Mae, there were $107.220 billion in fixed-rate MBS issued during December. That was a 6 percent decline from the [...]
Tue, Jan 02, 2018
Source: Financing
Mortgage business went out with a whimper in 2017, with new activity during the final week -- which included Christmas -- plunging to the lowest level since tracking began. Jumbo activity has doubled over the past year.A predictor of upcoming originations, Mortgage Daily's U.S. Mortgage Market Index, was 72 in [...]
Tue, Jan 02, 2018
Source: Financing
Rep. Jeb Hensarling (R-Texas) is on a short list of prospects being considered by President Donald J. Trump to run the Consumer Financial Protection Bureau.Under House rules, the lawmaker -- who first ran for Congress in 2002 -- will lose his chairmanship of the House Financial Services Committee, a [...]
Sat, Dec 30, 2017
Source: Financing
Among several recent C-Suite appointments at mortgage companies have been chief financial officer, chief risk officer and chief marketing officer. A pair of government-sponsored enterprise executives have been recognized among America's most powerful.Fannie Mae announced on Dec. 7 that its executive vice president and chief risk officer, Kimberly Johnson, and [...]
Fri, Dec 29, 2017
Source: Financing