An originator is seeking a refinance loan for a non-owner-occupied condominium on the Mortgage Grapevine. Fannie Mae and Freddie Mac will not lend on this particular property because the developer has retained over 10% of the units and is not selling them. The poster is seeking financing from only wholesale sources.
The borrower has a FICO score of 760 and the loan-to-value ratio is 65%. For more information, go to
The company revised the deal after consulting with Ginnie Mae and reported lower earnings due to rate volatility, refinancing and FHA delinquencies.
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
Here are the 50 most prolific mortgage originators in the U.S. as measured by units produced, according to the 2026 National Mortgage News Top Producers survey.
The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17.
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal.
