Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%, according to dv01. Processing Content The non-QM segment is growing in terms of programs being offered and by securitization volume. Carrington Mortgage Services recently announced guideline changes which […]
Non-QM RMBS reaches $78B despite rising impairments Read More »
HomeServices of America’s mortgage unit, Prosperity Home Mortgage, is expanding into loan servicing, a strategic move by the Berkshire Hathaway affiliate that signals a heightened retention threat for competing lenders accustomed to picking up offloaded purchase borrowers. Processing Content By retaining long-term servicing rights in-house, Prosperity eliminates the post-closing handoff to external institutions, creating an
Berkshire in-house servicing pivot escalates retention threat Read More »
ICE Mortgage Technology will not be charging for access for software developer kit to Encompass after the Dec. 31 sunset date, providing some relief for those who have not made the switch, the company confirmed. Processing Content A copy of an email sent to clients who signed up for transitional access to Encompass SDK was
ICE Mortgage will not charge for transitional SDK access Read More »