ACC’s Senko talks non-QM outlook
“I think those two things, when you align them, make for good loans,” he said, “unlike the runup to the 2007-08 collapse where you just had to sign your name....
Top Mortgage Employers 2024: Entries now open
Mortgage Professional America will highlight the best workplaces in mortgage for the sixth annual Top Mortgage Employers. Open to all organizations within the mortgage industry, from large national brokerages to...
US mortgage applications climb on lower rates
Mortgage application volumes ticked higher last week as mortgage rates continued to edge down, driven by an uptick in refinancing activity, according to data from the Mortgage Bankers...
Fannie Mae appoints tech executive to board of directors
Lye brings over three decades of wide-ranging technology leadership to Fannie's board. Most recently, she served as chief information officer at electric vehicle startup Rivian Automotive from October 2022 to...
Homebuyers overwhelmed by mortgage payments, survey finds
About 38% of homebuyers in 2023 and 2024 admitted to overpaying for their homes, with 23% regretting their decision. Additionally, 50% of respondents accepted a higher interest rate than planned...
Core US inflation begins to cool
Shelter and gasoline costs continued to drive price growth, making up 70% of the overall CPI increase, according to the Department of Bureau and Labor Statistics. Fed officials have sounded...
NYCB to sell $5bn in warehouse mortgage loans to JPMorgan
According to NYCB's projections, the sale will add a substantial 65 basis points to the company's CET1 capital ratio, bringing it to a pro-forma 10.8% as of March 31, 2024,...
How can loan originators guide borrowers through a competitive market?
“Reaching out to the listing agent and doing a better job of due diligence as far as pre-underwriting a file, making sure we have all the documents in place so...
Better’s revenue surges in Q1 2024, but profits remain elusive
“We are pleased to announce strong first quarter sequential funded loan volume and revenue growth, which we believe sets the stage for the continued growth we expect through the rest...
Goldman Sachs injects $7 billion into new real estate credit fund
Read more: Commercial, multifamily originations stall as owners hold off on major moves Goldman Sachs aims to capitalize on this “growing supply-and-demand gap for real estate debt financing,” according to...