Two more MSR deals valued in total at $2.5B hit the market 

The Prestwick Mortgage Group, an Alexandria, Virginia-based advisory and brokerage firm, has unveiled an offering for a $1.6 billion package of Fannie Mae, Freddie Mac and Ginnie Mae mortgage-servicing rights (MSRs). The bulk of the 7,189 loans in the MSR offering put out to bid this week were originated in Florida … Continue readingTwo more MSR deals valued in total at $2.5B hit the market 

Fix-and-flip lender Kiavi finalizes $218M private-label offering

Kiavi, formerly LendingHome, recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. The deal represents Kiavi‘s ninth such securitization under its LHOME shelf since launching its revolving securitization program … Continue readingFix-and-flip lender Kiavi finalizes $218M private-label offering

Roostify partners with Indecomm to court self-employed borrowers

Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm‘s automated income calculation technology, it announced Tuesday. Indecomm’s IncomeGenius integration into Roostify’s data intelligence solutions will expand Roostify’s existing income calculation capabilities for self-employed borrowers, according to … Continue readingRoostify partners with Indecomm to court self-employed borrowers

Fannie Mae finalizes first nonperforming loan sale of the year

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the inaugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with … Continue readingFannie Mae finalizes first nonperforming loan sale of the year

Winners and losers of this volatile housing market

The last two years have been good to Christian Dicker.  Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. It didn’t matter where he was — getting dinner with his family at a … Continue readingWinners and losers of this volatile housing market

MBA, HPC urge VA to extend partial claim program

The Mortgage Bankers Association and the Housing Policy Council sent a letter to the Department of Veterans Affairs urging the department to delay the expiration of its COVID-19 assistance partial claim program. If it doesn’t heed the letter, the VAs partial claim program will sunset … Continue readingMBA, HPC urge VA to extend partial claim program