AD Mortgage Reports $407 Million Non-QM Securitization Transaction
AD Mortgage has initiated a $407 million non-QM securitization, comprising 979 loans, with 25% of collateral located in Florida.
Kevin Warsh Appointed Fed Chair, Mortgage Lenders Seek Stability
Senate confirmation of Kevin Warsh as Fed chairman raises expectations in the mortgage industry for reduced volatility and a more stable economic environment.
Lofty introduces Canva integration to enhance real estate listing design.
Lofty highlights the high demand for its new Canva integration, responding to nearly 250 customer support requests, enhancing user experience and functionality.
Two Boards Reject UWM Bid, Describing It as Predatory
Two Harbors declined UWM's $12.50 offer, highlighting concerns over financing, MSR valuation, and execution risk prior to the upcoming vote.
Pennsylvania Judge Rules Mortgage Connect Noncompete Agreement Invalid
A Pennsylvania judge voided Mortgage Connect’s noncompete contract for being overly broad, aligning with the FTC’s stance on limiting restrictive covenants.
Sagent introduces new AI features for the Dara platform at Ignite event.
Sagent introduces Dara AI tools at Ignite, featuring RegIQ for regulatory updates and Ask Dara for real-time loan inquiries, enhancing efficiency for lenders.
ICE Mortgage Monitor Reports Decreased Delinquency Rates Amid FHA Concerns
March delinquencies decreased to 3.35%, though FHA loans contributed to a significant year-over-year rise, accounting for 55% of serious delinquencies.
Utah PLM License: A New Opportunity for Private Lenders
Fortra Law's advocacy is transforming mortgage licensing in Utah, simplifying the process for private lenders involved in business purpose loans. Understand the implications.
Insights from Lenders on Efficiency Trends in the Mortgage Industry
Discover the insights shaping the future of the mortgage industry by engaging in candid discussions at key lender gatherings and events.
Opendoor CEO Kaz Nejatian Discusses Resolution of Key Issues
Opendoor's Q1 revenue reached $720 million, despite a $173 million net loss. The company cites improved resale speed and enhanced cohort stability as key factors.