An originator is turning to the Mortgage Grapevine to look for a lender who is willing to fund a property which will be owner-occupied that the buyer is acquiring from the Department of Housing and Urban Development.
The originator writes “he is looking to purchase and complete the rehab, then refinance the property as quickly as possible.” But there is more. In December 2011, the borrower had a foreclosure.
To learn more details, please go to
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
More mortgage firms are suing their counterparties over buyback demands.
Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found.
Fannie Mae and Freddie Mac's support for the market lessened the impact, as could bank capital reform, and the company's normalized results outperformed.
Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years.
More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.
