nationalmortgage

Nonconforming

• New Hard Money Trade Group States Priorities

  National Mortgage News | September 8

  A new trade group that caters to the 'hard money' segment of the mortgage industry has drafted a code of ethics for its members — lenders that are privately held and cater to borrowers who can't get credit elsewhere.

• California the 'Golden State' for Home Lending During the Decade

  National Mortgage News | September 7

  Mortgage lenders originated $1.04 trillion of 'purchase money' loans in Southern California during the past decade, according to a new research report.

• Sample: Jumbo Lending Increased in 2Q

  National Mortgage News | August 31

  Mortgage bankers increased their jumbo loan production by almost 60% in the second quarter, according to a sample of lending figures compiled by National Mortgage News.

• San Antonio FCU Acquires Mobile Home Lender

  National Mortgage News | August 31

  San Antonio Federal Credit Union of Texas has acquired Mountainside Financial, the largest broker for mobile and manufactured home lending in the U.S.

• Executive with Deep Roots in B&C Running Bank's Mortgage Unit

  National Mortgage News | August 31

  Neil Kornswiet, an executive and attorney with deep roots in the subprime industry, has been hired by Pacific Mercantile Bancorp, Costa Mesa, to manage its residential mortgage division.

• Dems Urge GSE Regulator to Sue Wall Street

  National Mortgage News | August 20

  Ranking Democrats on the House Financial Services Committee are encouraging the GSE regulator to continue pursuing claims against Wall Street firms that sold private-label MBS to Fannie Mae and Freddie Mac.