TrueClose introduces loan origination platform

National Mortgage Professional

Sep 07, 2005

Seattle Mortgage releases reverse jumbo loanMortgagePress.comReverse mortgages Seattle Mortgage has introduced a proprietary reverse jumbo loan, The Independence Plan, which features a 2.1 percent margin option. The new loan features the ability to waive loan fees and have most (if not all) third-party charges paid by Seattle Mortgage, as well as the flexibility to draw as much money as desired, rather than a flat percentage. A subsidiary of Seattle Financial Group, Seattle Mortgage is a mortgage company based in Seattle. For more information, call (800) 233-4601 or visit www.seattlemortgage.com.

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Sep 07, 2005

Regulation and Compliance

Fed Slows Rate Hike Pace, OK’s 0.25% Bump

Rate hike is 8th since March 2022.

The Federal Reserve on Wednesday eased the pace of its monetary tightening following signs that inflation is slowing, while declaring that its work is not done. Following the conclusion of the Federal Open Market Committee’s (FOMC) first two-day meeting of 2023, Chairman Je...

Non-QM

Fitch Rates EFMT Certificates Backed by Non-QM Loans From LendSure, AHL

The certificates are supported by 796 loans with a balance of $330.37 million.

Fitch Ratings said Tuesday it expects to rate residential mortgage-backed certificates to be issued by EFMT 2023-1, Mortgage Pass-Through Certificates, Series 2023-1 (EFMT 2023-1). The certificates are secured by non-qualified mortgages (Non-QM) originated primarily by LendS...