Chimera Investment Corp., a New York-based real estate investment trust, announced plans to buy non-QM lender HomeXpress Mortgage in a cash-and-stock deal worth over $120 million Thursday. The deal, expected to close in the fourth quarter of 2025, includes a $120 million cash payment for the Santa Ana, California-based company, plus more than 2 million […]
REIT buys HomeXpress in cash-and-stock deal worth over $120M Read More »
Mortgage rates continued to operate in the same low 6.8% range they have been in for most of the past two months since a 21 basis point spike in mid-April, according to Freddie Mac. The 30-year fixed rate mortgage declined 1 basis point as of June 12 from one week prior, to 6.84%, the Freddie
Mortgage rates move lower for second week Read More »
Figure Technology Solutions has announced a blockchain-based home-equity line of credit securitization that it says is the first to receive a AAA rating from a major rating agency, broadening its investor base. Standard & Poor’s ratings for the $355 million, six-tranche deal, FIGRE 2025-HE3, range from a top AAA to B-minus, which is a low-end
Figure HELOC securitization breaks new ground in ratings Read More »