Creative Mortgage offers three new sub-prime products

National Mortgage Professional

Mar 01, 2007

Arizona industry appointments update - 3/2/2007MortgagePress.comArizona mortgage industry positions • Tri-Star Lending Group has hired Scott Johnson as an area sales manager and Mona Alley, Michael Davis, Carla DeMartini, Jaimee Kingsley, Will Malone, Stephen Pavelko, Chris Peters, Kori Peters, Jocelyn Smith and Rich Valgento as account executives at its Phoenix location. • Todd Smith has joined 1st Advantage Mortgage as a senior loan officer at its Scottsdale, Ariz. location. • Mortgages Ltd. has appointed Todd Brown senior vice president of operations, as well as Jeffrey Newman president of its affiliate, Mortgage Ltd. Securities LLC.

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Mar 01, 2007

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...