There are two more lenders that have joined the National Reverse Mortgage Lenders Association's new Wholesale Lenders Program. The companies are Live Well Financial Inc., Richmond, Va., and Generation Mortgage Co., Atlanta. Both are being treated as charter members of the group along with Bank of America Home Loans, Metlife Home Loans and Genworth Financial Home Equity Access Inc. Senior Lending Network is also listed as a participant, but the company said its Belgium-based parent is no longer making funds available for reverse mortgages. Sherry Apanay, senior vice president of wholesale lending at Generation, said "Wholesale lenders working together for the good of the reverse mortgage industry should make us all stronger."
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On a day when the 10-year Treasury hit levels last seen in 2007, the Community Home Lenders of America celebrated an X post by Bill Pulte on increased MBS buys.
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The Interlock group allegedly seized over 2 terabytes of data from NFM Lending, including its Encompass data, employee files and other internal information.
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Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
September 23 -
Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
September 23 -
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
September 23 -
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
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