by mdibrino@hqmloans.com | Mar 8, 2023 | Uncategorized
“Home price depreciation and strong income growth are expected to boost affordability, which is particularly important for first-time buyers. This group has accounted for a higher share of mortgage applications since last summer, as first-time buyers don’t...
by mdibrino@hqmloans.com | Mar 8, 2023 | Uncategorized
“But with historically high levels of home equity flowing from a decade of rising values, we may be seeing a growing number of delinquent mortgage payers with at least the option to sell before facing foreclosure,” he said. Foreclosure completion numbers...
by mdibrino@hqmloans.com | Mar 8, 2023 | Uncategorized
Nonbank Homebridge Financial Services is narrowing its focus on wholesale lending after selling its retail division to CMG Mortgage. CMG has purchased Homebridge’s retail branch network and a chunk of its mortgage servicing portfolio for an undisclosed sum. In a...
by mdibrino@hqmloans.com | Mar 8, 2023 | Uncategorized
Angel Oak Mortgage Trust (AOMT) has started preparing its second non-QM RMBS this year – a $495.5 million transaction secured by loans originated by Angel Oak Mortgage Solutions and Angel Oak Home Loans. The group is set to issue a securitization backed by a pool of...
by mdibrino@hqmloans.com | Mar 7, 2023 | Uncategorized
To succeed in such volatile times, some pivoting may be in the offing: “You may need to spend twice as much time with the client as before on qualifying for the best program or pricing,” Cooke said. “But you must do whatever it takes because, if you don’t, someone...
