Investors are asking more questions than they used to about debt-service-coverage ratio (DSCR) loans, a surging segment of the mortgage market that operates outside government-backed parameters. “We’re having to do more explaining about how we think about the underwrite, how we arrived at the value, or just changes to our policies,” Charles Goodwin, vice president […]
DSCR loan volume surges despite fraud risks and scrutiny Read More »
Better mortgage spreads were a positive storyline in 2026, keeping mortgage rates under 7% all year until this last week. 2026 had the lowest rate curve in many years, but an escalation of the Iran conflict pushed the 10-year yield higher and closer to 5% last week. Mortgage rates, which were as low as 5.99%
Housing market faces headwinds as mortgage rates move above 7% Read More »
Citizens Bank is suing SoFi Bank for poaching its loan officers and loan pipelines, in a new lawsuit that shows the fight for mortgage talent and business remains intense. Processing Content The Rhode Island-based bank is accusing its fintech competitor of racketeering, for allegedly inducing over 30 LOs and other mortgage staff to breach their
Citizens sues SoFi as fights over talent, pipelines persist Read More »