The notes are supported by 527 newly originated loans that have a balance of $272.4 million; 69.4% of the loans in the pool are designated as Non-QM,
David Krechevsky was an editor at NMP.
The notes are supported by 527 newly originated loans that have a balance of $272.4 million; 69.4% of the loans in the pool are designated as Non-QM,
Lawsuit seeking class action status names Sprout, CEO, and affiliate Recovco Mortgage Management as defendants.
Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.
Michael Strauss abruptly ended negotiations with Citibank on financing that might have kept Sprout open.
Non-QM lender was doing $380M/month in loan volume, former executive says.
More than 300 employees laid off during a conference call this afternoon.
Updated version includes new USDA GUS specification MISMO v3.4
Rates fell for second-straight week, but purchase applications hurt by low inventory and affordability challenges.
Financing package will allow FGMC to continue to fund loans in its pipeline.
This is the fourth acquisition Opteon has made in the last 12 months.