by mdibrino@hqmloans.com | Dec 2, 2022 | Uncategorized
Read more: Flagstar, New York Community Bancorp complete $2.6b merger NYCB and Flagstar will continue operating their retail banking networks separately under their respective brands until the combined company launches under a single brand. Commenting on the...
by mdibrino@hqmloans.com | Dec 2, 2022 | Uncategorized
“We are pleased to enter into this partnership with Hildene, which will allow us to grow our non-QM originations and further capitalize on the current market environment,” CCM founder and CEO Ron Leonhardt said. Steven Ujvary, managing partner at CrossCountry Capital,...
by mdibrino@hqmloans.com | Dec 2, 2022 | Uncategorized
“Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,” said Freddie Mac chief economist Sam Khater. Fed chair Jerome Powell on Wednesday said he sees the central bank in a position...
by mdibrino@hqmloans.com | Dec 1, 2022 | Uncategorized
Facing a liquidity crunch, Reverse Mortgage Investment Trust (RMIT) filed for bankruptcy on Wednesday, a day after its subsidiary Reverse Mortgage Funding (RMF) slashed 80% of its staff. RMF, one of the nation’s largest reverse mortgage lenders, laid off more than 400...
by mdibrino@hqmloans.com | Dec 1, 2022 | Uncategorized
Read more: Commercial real estate viability depends on three economic factors For his part, Steele explained what prompted the product’s creation in the first place: “We started the company really with the goal of making data and access to that data for CRE investors...
