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Fairway Independent Mortgage Corp. agreed to resolve alleged violations surrounding unlicensed lending activity that occurred at one of its California branches earlier this decade and pay $160,000 in penalties.  Processing Content In 2021 and 2022, unlicensed branch employees were alleged to have conducted origination activity that was only permitted to be carried out by licensed […]

A partial government shutdown that began over the weekend remained in effect Monday, as the House had yet to act on a Senate-passed compromise bill that includes mortgage-related funding. Processing Content The departments of Housing and Urban Development and Treasury among the agencies affected. So too is the National Flood Insurance Program. “Most HUD staff

A pool of residential mortgages financing investor properties and second homes will collateralize $325.7 million in residential mortgage-backed securities (RMBS) from the EFMT 2026-AE1. Processing Content Although investor properties, which are prone to higher chances of default, account for 58% of the pool, analysts at Kroll Bond Rating Agency point out. Yet those chances of