Building Code Reform Needs Longer Cycles and More Scrutiny

Building codes are ripe for change as policy analysts and the housing reform movement at large move beyond land use and zoning alone. After working through several hundred hours of building code reviews in Minnesota over the past decade, reforms are needed, even with our robust local adoption process.  But we cannot reform just the […]

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Craig Riddell

Manual non-agency underwriting gaps in leave competitors exposed

Investors are expressing more concern about slipping credit quality in the non-agency market, particularly due to how the loan packages are being handled. Processing Content Performance of non-QM mortgages has declined on a month-to-month basis on loans tracked by dv01, a unit of Fitch Ratings. The primary market is delivering incomplete loan files to the

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NEXA boss Kortas settles lawsuits, secures full ownership

NEXA Lending boss Mike Kortas is now the sole owner of his company after settling a bad breakup with his co-founder.  Processing Content Kortas reached a global settlement with Mat Grella last month, according to an Arizona state court docket and a NEXA announcement Monday. The resolution ends litigation which arose following Grella’s exit from

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