DRMT 2026-INV1, is backed by a pool of 1,153 non-prime investment property mortgages, which have a moderate leverage levels of an original, combined loan-to-value (CLTV) ratio of 69.9%.
A new move that would open up more use of certain dedicated savings accounts for home purchase purposes is under consideration, according to Politico.
After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
How the message from Sierra Pacific Mortgage could have been delivered in a better, more empathetic fashion rather than leaving affected workers embittered.
IMBs outperform banks, face outsized scrutiny, and confront rising affordability challenges, according to the President of the Community Home Lenders of America.
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Competition that impacted margins and prepayments in excess of expectations were challenges during the period, but executives report first quarter improvement.
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The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination.
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VA- and FHA-backed mortgages helped drive the increase in property volume, but sales did not maintain the same pace, according to Auction.com.
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A Government Accountability Office report warns the Office of the Comptroller of the Currency to clarify which records from the Basel Committee on Banking Supervision should be treated as federal records and thus retained according to the Federal Records Act.
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Even with the 4 basis point rise in the 30-year fixed over the past two weeks, mortgage rates are still hovering near three-year lows, Freddie Mac said.
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Analysts estimate Pennymac, Rocket, UWM and Loandepot will post an improved earnings per share and total loan origination volume than the same time a year prior.
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A new proposal from the Senate Banking Committee for the massive budget bill to eliminate this source of funding for the Consumer Bureau is dangerous, writes the president of the Center for Responsible Lending
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But improved for-sale supply is providing buyers with more options and helping to keep softer price pressures for those looking to buy, writes Cotality's Chief Economist.
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By restructuring the GSEs into public utilities, we can end decades of free-riding by private investors on the public credit, writes the chairman of Whalen Global Advisors.
Arizent's latest survey finds that respondents are sharply divided on key issues regarding the upcoming election.
New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones
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ON-DEMAND VIDEOHome loan volume is slowing, heightening the need for effective outreach to new leads for lenders. Join industry mortgage marketing leaders for a discussion about best practices in the current landscape.
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ON-DEMAND VIDEOHispanics will make the majority of homeowners by 2030. How can lenders meet their needs now, and what strategies can they employ in today's lending landscape?
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ON-DEMAND VIDEOIs the banking sector in crisis? What happened, and what can bankers learn from this turmoil? Two of American Banker's reporters discuss the fallout and what comes next with the magazine's editor-in-chief.
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