New American Funding is expanding its presence in the Midwest with a new branch and team in Nebraska. Processing Content The Santa Ana, California-based lender announced Wednesday the addition of One Goal Mortgage Powered by New American Funding, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa. The team joined New American in […]
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Better Home & Finance announced Monday that it’s strengthening its finances through unexpectedly high originations, cost cuts, the sale of a United Kingdom bank and a stock offering. Processing Content The company reported that it is categorizing Birmingham Bank as held-for-sale and indicated it was actively working to shed it. Better also noted it has
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The latest Basel III proposal could encourage banks to hold more mortgages, but its impact on financing they provide to nonbanks selling home loans is “murkier,” according to a new report. Processing Content Pennymac’s early analysis of the proposed bank-capital rules’ impact on warehouse lending indicates that they currently preserve part of an earlier draft
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