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Non-QM
REC. Aug 02, 2023
DealDesk: Focus on Quontic Bank's Lite Doc Program
Movement Mortgage Expands Into Reverse Mortgage

South Carolina mortgage company hires industry vet to run the operation

Reverse
Pair Indicted For Theft Of $2.1 Million From Cash Out Mortgages

Duo used impostors, fake IDs to defraud elderly Vietnamese Americans – and dupe banks.

Courts
Economist — Worst Of Housing Recession May Be Behind Us

Double-dip recession included both existing- and new-home markets.

Analysis and Data
Zillow, Redfin Partner To Connect Buyers And Home Builders

Home builders' Zillow listings will be syndicated to Redfin for expanded visibility.

Construction
ADP: Private Sector Jobs Increased By 324,000 In July

Private sector pay was up 6.2% year over year.

Analysis and Data
Duo Launches Clear Mortgage Office

Veteran originator, real estate agent target Carolinas for expansion.

People On The Move
Mortgage Applications Decrease By 3% Weekly

MBA says drop due to rising rates and declining inventory.

Analysis and Data
Aug 01, 2023
the interest
Annual Foreign Investment In Existing Homes Drops 9.6% To $53.3 Billion

Number of existing homes bought by international buyers declined to 84,600 – the fewest since 2009.

Analysis and Data