In the second quarter, private mortgage insurers wrote 21% more new business versus the first quarter and 17% more than one year prior, data aggregated by Keefe, Bruyette & Woods found. Processing Content After the reporting season ended, Bose George raised the earnings targets on four of the five companies he followed, Radian being the […]
Mortgage insurers report another strong quarter of profits Read More »
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
SPIRE’s latest effort will sell $413.7 million in RMBS Read More »
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
Wealthfront takes its low-rate mortgage push into California Read More »