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Author name: Ricky Vasquez

SPIRE’s latest effort will sell $413.7 million in RMBS

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Aspire Sponsor’s latest residential mortgage-backed securities (RMBS) deal, set to raise $413.7 million, is backed by a pool of 742 primarily non-prime mortgages, and almost all are fixed-rate. Processing Content Borrowers of the underlying loans in SPIRE 2026-5 had blemished credit histories, and lenders verified income through bank statements and other alternative underwriting methods, according […]

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Wealthfront takes its low-rate mortgage push into California

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Fintech Wealthfront has switched on its mortgage business in California, extending a digital-first lending strategy built around affordability, providing rates roughly half a percentage point below the national benchmark.  Processing Content The Palo Alto-based company said Aug. 11 that Wealthfront Home Lending is now live in California, Colorado and Texas. The unit is licensed in

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CFPB

CFPB will no longer publish consumer complaint narratives

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Frank Gargano Processing Content Key insight: Industry groups have long argued that consumer complaint narratives paint a one-sided picture, and the Consumer Financial Protection Bureau made the same argument Friday when it said it will stop publishing them. What’s at stake: The complaint database has been a source of controversy ever since the bureau was

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