Delta Financial Corp., Woodbury, N.Y., has announced the securitization of $950 million of mortgage loans through its subsidiary Renaissance Mortgage Acceptance Corp.The co-lead managers of Renaissance Home Equity Loan Trust 2007-1 were Citigroup and Banc of America Securities LLC, Delta said. The company can be found on the Web at http://www.deltafinancial.com.
The 30-year fixed rate loan average is at its highest since August, while the 15-year is now above where it was one year ago, Freddie Mac found.
A one-time chief lending officer for Heritage State Bank has been barred from the industry for signing off on mortgages backed by over-valued appraisals.
Sales trends for new homes are on the upswing, another reason mortgage lenders need to keep an eye on this segment, the Mortgage Bankers Association found.
While raising concern, foreclosures were returning to normal historical trends, with timelines also shortening in the first half of 2026, Attom said.
Bob Murphy was a key figure in vendor management as the co-founder of Lenders Service Inc., which is considered the first AMC, and later created ValuAmerica.
Randian Capital, which has limited influence due to its small stake in the top mortgage company, is recommending a new strategy for the servicing portfolio.
