If you’re trying to buy a home, affordability is probably what keeps you up at night. And as you watch mortgage rates tick up again lately, it’s fair to wonder if you should just hit pause and wait for them to go down. For now, though, they’re headed the other way. Mortgage News Daily data […]
3 Things You Can Actually Control About Your Mortgage Rate Right Now Read More »
Avila Real Estate Capital closed $390 million in new institutional commitments and co-investments, bringing its total capital base to more than $750 million to finance land, lot and construction loans for homebuilders and residential developers across the U.S., the firm announced Sept. 15. The Corte Madera, California-based lender, founded and led by Tony Avila, focuses
AREC raises $390 million to finance lot and land deals for builders Read More »
Self-employed workers, real estate investors, high net worth borrowers, foreign nationals and homeowners with significant equity are increasingly using nonqualified mortgage (non-QM) and other nonagency products across the country. And while California, Florida and Texas remain some of the biggest markets for non-QM lending, the diversified borrower base is becoming increasingly difficult to pinpoint on
Today’s non-QM borrower is harder to define and pinpoint Read More »