Originations

Also, private money is expected to return to the mortgage securitization market, according to lenders who responded to an Altisource survey.

“It’s time for us to stop treating the purchase mortgage as some kind of market impediment or red flag for our forecasts,” says Chairman of JJAM Financial and former Ginnie Mae President Joseph Murin

The acquiring company does business under the name Excelerate Capital and will extend that name to Castle in order to expand its footprint.

After mortgage rates rose for three weeks, borrowers took advantage of a 3-basis-point dip and sparked a short-term refinancing rally, according to the Mortgage Bankers Association.

With the shift to a low-rate environment dominated by no cash-out refinancing, use of an alternative to traditional valuations has soared.

While financing costs are still low enough to offset sticker-shock from rising home prices, a slight increase in the average 30-year conforming rate weighed on borrowers, according to the Mortgage Bankers Association.

The mortgage lender will promote its brand, products and services through MLB-related television or radio ads, in addition to digital outlets.

The subsidiary of New Residential Investment produced nearly $400 million in non-QM volume in the first quarter of 2020 before putting a hold on the product offering in March.

Plus, 4Q earnings show strong mortgage volumes, growth forecasted for jumbo loan market and more.

Mortgage industry hiring and new job appointments for the week ending Jan. 22.