Origination

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?

Following sales to Mr. Cooper and The Loan Store, the wholesale giant reported originations of $891.2 million between January and March.

Although issuance of new securitizations has been low compared to year-ago levels, it rebounded as spring buying began

The latest forecast calls for $375 billion of lending on properties with five or more units, with total commercial originations of $654 billion.

The company projects home buying costs could rise by a quarter in the next four months in the unlikely scenario.

The tools are there to create a faster loan process, but fear of noncompliance and reliance on old habits still prevail, industry technology leaders said at the Fintech Nexus USA conference this week.

Only one company, Doma, reported improved results from the year before, but it still took a large loss for the period.

Rents for primary residences in the New York, Jersey City and Newark, New Jersey, region rose 6.1% in the 12 months through April, the biggest increase since 2005, according to a Bureau of Labor Statistics report Wednesday.

The latest change continues the sideways pattern of recent weeks, a much better situation than last year's rapid increases, Freddie Mac said.