"Margin calls were the most immediate issue facing mortgage REITs, since the typical REIT uses its own assets as collateral for loans. As the value of the collateral falls, the REIT must come up with additional cash in accordance with the repurchase agreement. If the REIT doesn't have the cash, then it must sell assets," The retail lender is expanding its alternative-income products and originator training to capture borrowers outside agency guidelines
Fairway Home Mortgage is expanding its Non-QM platform and loan officer training as the retail lender reports growing demand from borrowers whose income does not meet traditional agency documentation requirements.Fairway’s expanding product menu allows qualified borrowers to...
The brokerage’s investment-property credit line offers up to $1 million and permits qualification with a DSCR as low as 0.75
Truss Financial Group is expanding its home equity strategy with a DSCR-based line of credit designed to help real estate investors tap rental-property equity without replacing low-rate first mortgages.The California-based mortgage brokerage said its DSCR HELOC offers credit...
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