Delta Financial Corp., Woodbury, N.Y., has announced the pricing of a securitization backed by $600 million of mortgage loans through its subsidiary Renaissance Mortgage Acceptance Corp.The lead manager of the deal, Renaissance Home Equity Loan Trust 2004-4, was RBS Greenwich Capital Markets Inc., and the co-managers were Citicorp Global Markets and Friedman, Billings, Ramsey Group Inc. Delta can be found online at http://www.deltafinancial.com.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24