Luminent Mortgage Capital Inc., San Francisco, has announced a $435 million repurchase agreement with Barclays Capital that will be used to acquire triple-A-rated mortgage-backed securities.The facility has a term of up to two years. The company said it will "help shield Luminent from liquidity risk" by diversifying its financing facilities and reducing its reliance on short-term repurchase financing. The company can be found online at http://www.luminentcapital.com.
AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
