Technology Investment Capital Corp., Greenwich, Conn., has announced the completion of a $15 million senior secured loan to MortgageIT Inc.MortgageIT is a full-service residential mortgage bank that originates mortgage loans via retail and wholesale offices and the Internet. The companies can be found on the Web at http://www.ticc.com and http://www.mortgageit.com.
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
