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National Mortgage Professional

May 21, 2006

National industry appointments update - 5/15/2006MortgagePress.comMortgage industry positions, American Mortgage Express Corporation - American Mortgage Express Corporation has named Chris Flaherty wholesale mortgage banking sales manager.

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May 21, 2006

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...

Distributed Retail

First Internet Bank Exits Consumer Mortgage Business

Bank will close channel in Q1 of 2023; commercial construction & land development business will not be affected.

First Internet Bancorp (FIB), parent of First Internet Bank, recently announced that it will exit its consumer mortgage business during the first quarter of 2023. The bank made the announcement when it released its fourth-quarter and year-end earnings for 2022 on Jan. 25. ...