DSCR loans are booming amid fragmented underwriting standards
After rampant fraud in Baltimore made headlines, underwriting guidelines and elevated fraud risks have the market on high alert
Origination
Auto Added by WPeMatico
CCM pushes conforming loan limit to $845,000 ahead of FHFA announcement
Increase aims to give conventional lending options to more high-balance borrowers
New credit score pricing grids point to higher borrower costs, report shows
Analyses indicate the newly released pricing grids could make loans more expensive with VS 4.0
Truss Financial scales hybrid model with new direct lending platform
Truss is adding in-house underwriting and funding to cut turn times
Real REMAX Group halts Motto Mortgage franchise growth
Vic Lombardo, the president of REMAX’s mortgage services, had stepped down from his role
Mortgage lenders weigh AI, alternative data and credit models
MISMO panelists cited rental and cash flow data, plus AI rules that may affect licensing and compliance
loanDepot receives NYSE notice over sub-$1 share price
NYSE gives the nonbank lender six months to lift its share price
TWO wins final regulatory approval for CCM deal
TWO shareholders to receive $12 per share in cash plus stub dividend
Luminate Bank acquires select assets of First State Mortgage Services
Luminate adds volume and a larger Midwest presence
Brokers say it’s ‘business as usual’ with UWM despite loss, capital raise
Mortgage brokers working with United Wholesale Mortgage (UWM) say it remains “business as usual” following the lender’s second-quarter loss and a multibillion-dollar capital raise, with no noticeable impact so far on day-to-day loan production.