A purchase-heavy market raised mortgage fraud risk in the second quarter, with the distribution of applications opening the door for unlawful activity, a new report said. Processing Content Fraud risk increased by 9.1% quarter to quarter, according to real estate data provider Cotality. The company’s fraud risk index jumped 11 points to a reading of […]
Surging mortgage rates heighten fraud risk indicators Read More »
AD Mortgage’s securitization vehicle has been experimenting with what analysts called a novel combination of loan features in the non-qualified mortgage market. Processing Content The trend has shown up in a small percentage of second liens in recent deals, including ADMT’s sixth non-QM transaction, a $411.3 million securitization that received preliminary ratings from KBRA and
How AD manages non QM, second liens in securitization Read More »
Key insight: A new survey of consumer credit companies by the American Financial Services Association found they have a negative outlook on business conditions for the first time in two years. What’s at stake: The downturn in expectations is likely a reflection of the potential for higher interest rates, as well as a decline in
Why the consumer credit outlook for 2H looks cloudier Read More »