National Mortgage News - May 2023

STEARNS' MESSAGE

The CEO of Kind Lending chatted about his current and past businesses, how to build a successful shop and his upcoming book.

Mat Ishbia's recent purchase of the Phoenix Suns has catapulted the wholesale lender's owner into the national spotlight. Will he bring to the NBA team the same competitive spirit that made his company the top originator in the country?

One Draper and Kramer LO's game plan includes making inroads with CPAs, divorce attorneys and attending Eastern-European festivals.

Mauro Guzzo, who operates in both the U.S. and Mexico, is looking to build an international financial brand.

The primary cause is agency put-backs and fixing the problems is difficult in a rising rate environment.

But the deal propels the four-year old buyer of its wholesale origination operation, The Loan Store, into the national spotlight.

Rate volatility stemming from the banking crisis temporarily disrupted trading, but a broad range of deals large and small have gone up for bid since then.

Affordability constraints have made borrowers who bought properties within the last 12 months increasingly vulnerable to price declines.

Homebuyers in Colorado, Florida and Texas can apply for a minimum $1 million loan with the company.

The trade group will be pushing for changes impacting trigger leads, RON implementation and the FHFA's recent LLPA adjustment, leadership announced at its advocacy conference.

Also, MISMO names new president, Mr. Cooper appoints chief officers, Cenlar, Dovenmuehle add to servicing teams and Fairway goes in on reverse lending.

The migration of new financing for large Ginnie Mae issuers, from Credit Suisse to other firms, is a crucially important development for the mortgage market .