Author name: Ricky Vasquez

John Vehlewald, vice president, head of Mortgage Lending Division marketing, lending strategy and optimization at Carrington Mortgage Services

Carrington expands non-QM guidelines, citing sector growth

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Carrington Mortgage Services is expanding the underwriting criteria for its Flexible Advantage non-qualified mortgage offerings, including lower the qualifying credit score for certain alternative documentation borrowers. Processing Content “As the non-QM market continues to grow, we continue to position ourselves, with expanded guidelines and competitive pricing, to capture more market share and add liquidity to […]

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Federal agencies reverse Biden-era credit guidance

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Key takeaway: Federal agencies rolled back Biden-era guidance Monday that encouraged creditors to offer special purpose credit programs to underserved communities. Expert quote: “Federal law does not authorize any generalized remedial ‘equity’ initiatives absent specific cases of unlawful discrimination, and creditors should not rely upon previous guidance which may have suggested otherwise.” — Federal Register

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Home prices trail inflation again: where growth still holds

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Home prices inched up only slightly to wrap the spring homebuying season.  Processing Content The S&P Cotality Case-Shiller indices posted a 1.5% annual gain in home prices in June, but just a 0.1% monthly increase. While the year-over-year figure represented a slight uptick, the monthly trend was a larger step backward.  The gains trailed inflation

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