Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks. That winning streak finally came to an end today with the average lender moving up 0.06% for a top tier 30yr fixed quote. While that’s a moderately big jump for a single day, if […]
Rates Finally Rise Ahead of Jobs Report Read More »
Santander Bank is sponsoring the issue of its third non-qualified mortgage (non-QM)/investor loan securitization this year. The bank is a mortgage loan aggregator that predominantly focuses on non-agency loan aggregation and securitization. The Santander Mortgage Asset Receivable Trust 2025-NQM3 will issue notes totalling $283.64 million. The sponsor and seller is Santander Bank, the depositor is
Non-prime U.S. residential mortgage pool secures $283.64M Santander notes Read More »
The Consumer Financial Protection Bureau has concluded a 2024 action it took against nonbank mortgage company Fay Servicing under a former director in line with a broader rollback of enforcement under new leadership. “The bureau waives any alleged noncompliance by Fay Servicing with the consent order,” read an order that Russell Vought, the CFPB’s current
CFPB terminates 2024 consent order against Fay Servicing Read More »