While Gen Z potential homebuyers are planning to make a lower down payment than other age groups, the next segment on the ladder, millennials, along with baby boomers, expect to offer the largest, a LendingTree study said. Processing Content It looked at over 130,000 purchase money mortgage inquiries submitted through its site from Jan. 1, […]
Boomers, Millennials lead cash-rich buyer opportunities Read More »
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
NEXA boss Kortas settles lawsuits, secures full ownership Read More »
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
Manual non-agency underwriting gaps in leave competitors exposed Read More »