NEXA Lending boss Mike Kortas is now the sole owner of his company after settling a bad breakup with his co-founder. Processing Content Kortas reached a global settlement with Mat Grella last month, according to an Arizona state court docket and a NEXA announcement Monday. The resolution ends litigation which arose following Grella’s exit from […]
NEXA boss Kortas settles lawsuits, secures full ownership Read More »
Investors are expressing more concern about slipping credit quality in the non-agency market, particularly due to how the loan packages are being handled. Processing Content Performance of non-QM mortgages has declined on a month-to-month basis on loans tracked by dv01, a unit of Fitch Ratings. The primary market is delivering incomplete loan files to the
Manual non-agency underwriting gaps in leave competitors exposed Read More »
Few homebuilding enterprises look so voraciously at other homebuilding operators’ share of new-home sales in any given arena as present and future opportunity as does D.R. Horton. When those Horton flags flap in the dry summer wind, you can almost hear them as lips smacking in anticipation of a good meal later in the day.
D.R. Horton bets operating rigor will outperform uncertain demand Read More »