A loan originator posts on the Mortgage Grapevine that even though he or she is in California, the company this person works for only has them licensed to originate loans in Florida. “I only want to do loans in California. I also want to work independent, not hourly where I have to plug into a cube,” said the poster. To learn more about this discussion, go to
While vibe coding has opened the door for businesses to develop and scale their own technology, the cost of building is catching many by surprise.
Academy Mortgage's deal will cover around 285,000 class members. It's the sixth deal this year by a mortgage firm seeking to squash consumer complaints.
Vacancy numbers leveled off this quarter, but the share among units owned by institutional investors is more than double the overall national rate, Attom said.
This marks the second transaction from the shelf, backed by 651 first-lien, fully amortizing fixed-rate mortgages.
All loans in the deal's portfolio were made to investors and underwritten based on property cash flow and rental income to determine borrower eligibility.
Lower median loan amounts and earnings growth which outpaces mortgage expenditures helps to improve affordability even as rates continue to rise, the MBA said.
