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David Krechevsky

Editor

David Krechevsky was an editor at NMP.

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Fitch Issues Final Ratings On Non-QM Offering NRMLT 2022-NQM4

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,

Jul 12, 2022
Former Employees Sue Sprout Over Unpaid Wages

Lawsuit seeking class action status names Sprout, CEO, and affiliate Recovco Mortgage Management as defendants.

Jul 12, 2022
Realtors: Lack Of Inventory Hindered Home Sales In 2021

Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.

Jul 12, 2022
Insider: Sprout CEO Canceled Financing Deal, Ordered Company Closed

Michael Strauss abruptly ended negotiations with Citibank on financing that might have kept Sprout open.

Jul 08, 2022
Sprout Mortgage: 'The Faucet Just Got Turned Off'

Non-QM lender was doing $380M/month in loan volume, former executive says.

Jul 07, 2022
Sprout Mortgage Shuts Down

More than 300 employees laid off during a conference call this afternoon.

Jul 06, 2022
MISMO Seeks Comment On Enhanced Version Of iLAD

Updated version includes new USDA GUS specification MISMO v3.4

Jul 06, 2022
MBA: Mortgage Applications Fell 5.4% Last Week

Rates fell for second-straight week, but purchase applications hurt by low inventory and affordability challenges.

Jul 05, 2022
Bankruptcy Court Judge OKs Financing For FGMC

Financing package will allow FGMC to continue to fund loans in its pipeline.

Jul 05, 2022
Opteon Acquires Northeastern Appraisal Associates

This is the fourth acquisition Opteon has made in the last 12 months. 

Jul 04, 2022