HispanicLending.com, Dallas, has launched "Casa de Sueno," a new downpayment assistance gift program that offers qualified Hispanic buyers in all 50 states up to 10% of the purchase price of their new home.Executives said industry data continue to show that lack of downpayment funds remains one of the biggest barriers to homeownership. The program may also be used for closing-cost expenses and will be administered by AmeriDream Inc., a nonprofit provider of affordable housing opportunities for low- to moderate-income individuals and families. Other benefits of the program include a homebuyer education course and flexible qualifications for both first-time homebuyers and homeowners, regardless of age, race, creed, or gender, HispanicLending.com said. The company can be found online at http://www.hispaniclending.com.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
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Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
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Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
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The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
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Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
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Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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