Author name: Ricky Vasquez

Chicago-based Rate is opening a profit and loss branch in the city’s Elmhurst suburb, bringing in two former Fairway Independent Mortgage originators to helm the operation. Processing Content The new office “advances Rate’s broader expansion of its profit-and-loss platform,” the company’s press release said. Fairway’s new Elmhurst branch is being headed up by Vito Roppo […]

A pool of mortgages, a majority of which are designated as non-qualified, will secure $228.2 million in residential mortgage-backed securities (RMBS) from Angel Oak Mortgage Trust, series 2026-5. Processing Content Known as AOMT 2026-5, the deal will issue the $228.2 million through a series of 10 class A, M and B notes, which all have

As lenders increasingly implement artificial intelligence, homebuyers are becoming more trusting of it. Processing Content More than 70% of Americans said they would use AI for at least one homebuying or selling task, while 37% said they would be willing to let it manage the home purchase from start to finish with minimal human involvement,