Non-QM

National mortgage lender and servicing organization has established a new joint venture, lender Onward Home Mortgage, through the Newrez Ventures platform and in partnership with Keller Williams Georgia Legacy Group.

Newest Board member of Fay Financial brings 30 years of experience in residential mortgage, community banking, affordable housing, and diversity and inclusion initiatives to his new role.

Former Goldman Sachs executive to be responsible for managing all of Angel Oak’s legal affairs and regulatory compliance measures.

An upcoming Five Star Institute Webinar will delve into the landscape of the mortgage industry over the next 12 months, including a possible rise in home equity loans, a decrease in savings, increased credit card usage, and overall consumer weariness, among other topics.

Louis Amaya of PEMCO Capital Management explains how to bolster your margins via non-performing loans and real estate-owned assets as alternative asset anchors.

A nine-year participant in the originations market, Homepoint has announced the sale of certain assets of the company’s wholesale origination channel to national wholesale lender The Loan Store Inc.

A judge in the U.S. District Court for Northern Illinois has granted plaintiffs class certification in an antitrust suit against NAR that challenges home sellers paying the commissions of real estate agents representing homebuyers.

In a week of turmoil in the economic markets as the FDIC was named receiver of two banks, Freddie Mac reported the fixed-rate mortgage retreated 13 basis points, ending a five-week run of increases.

The MBA reports that purchase applications increased for the second straight week but remained nearly 40% below last year’s pace, amid news of continued economic instability and several bank closures.

Most lenders have automated much of the front end of their processes, and now, Robotic Process Automation (RPA) technology is helping to automate the in-between functions.