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
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
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
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
The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% year-over-year growth nationally and a record 21.2% growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating, not crashing like people have warned … Continue readingHow home-price growth has damaged the housing market
The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% year-over-year growth nationally and a record 21.2% growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating, not crashing like people have warned … Continue readingHow home-price growth has damaged the housing market
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
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 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
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