Marita Bankhead recently joined American Financial Resources Inc. (AFR) operations as CDE production manager. Marita has an extensive background in correspondent lending, ranging from underwriting, compliance, purchasing bulk bids and working with correspondent lenders across the country. Her expertise in this area will help AFR continue its explosive growth through their CDE business.
Marita will be taking part in developing the CDE pod. This includes working closely with AFR's correspondent production specialists, set-up personnel, and clients to help enhance the AFR customer experience.
Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach
California voters have approved a $25 billion homebuyer financing initiative that could create new purchase mortgage opportunities for lenders and brokers, particularly those working with homebuilders.Proposition 37, which passed with more than 60% of the vote in the Nov. 3 ...
As investor purchases decline, DSCR loans capture a growing share of Non-QM lending, creating opportunities for brokers who understand the differences between lender programs
Real estate investors are buying fewer homes than they did a year ago, yet debt service coverage ratio (DSCR) lending continues to gain ground in the market. A big part of the reason is that DSCR loans are purpose-built for property investors. Agency loans qualify borrowers ...