The private lending industry offers an alternative for those looking to borrow large sums of money for home loans. Learn more about how to find nonbank lenders and what to consider when taking out a jumbo loan. Get expert advice to ensure bona fide rates and conditions when seeking a private loan.
Backed by UWM, private lenders have access to $31.8 billion in mortgages for Q2 2023 — $28 billion of which were for purchase loans. With top industry expertise, secure your best rates and terms with UWM.
"Ginnie Mae President Alanna McCargo shines light on the costly activity for nonbanks to borrow in a market with low refinance activity, emphasizing the high financial strain for the government mortgage system. Understand the implications for private lenders and find out more on latest industry news."
Knowledgeable Homeowners Realize Securing Suitable Home Insurance Policies Is Becoming Increasingly Difficult: Learn What Challenges Private Lenders are Facing and How to Best Protect Your Clients.
"Secure a bigger return on your investment with vigilance against mortgage payoff fraud. Learn more from a mortgage industry expert on how to protect your interests without sacrificing convenience and profits."
Discover which lenders have accelerated their jumbo market presence and which still hold their distance. An insider look into the changing landscape of the jumbo loan industry from a private lender perspective. Get expert analysis to understand how lenders are responding to mounting market uncertainty.
The mortgage application rate takes a dip as mortgage rates rise. 30-year fixed mortgages have reached their highest point since November 222, bringing tough news for private lenders. Find out the latest trends and tips for navigating the mortgage market.
Discover how Fannie Mae is working to help consumers become comfortable with the thought of buying a home. Learn what measures have been taken to help develop trust and confidence in the mortgage industry and its potential. Get informed on the steps that can provide you peace of mind buying a home in today's uncertain financial landscape.
"Settle in for insight into the legal case that has the private lender world buzzing. Discover why Lender Toolkit took legal action against Celebrity Home Loans and MLD Mortgage for breach of contract. Get the details about the dispute and its potential impact on the industry today."
The jumbo mortgage market has seen a dramatic downturn in recent years, which has been costly for banks and other depositories. Jumbo mortgages refer to mortgages which exceed certain thresholds on loan amount, recently set at $510,400. This two-part series takes a deep dive [...]
