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Fitch, KBRA Rate Non-QM RMBS Offering

OBX 2023-NQM3 Trust is a $407.5M securitization backed by 807 mostly Non-QM loans, 22% from SG Capital.

Non-QM
Mortgage Applications Fall As Rates Rise

The 30-year fixed rate increased 13 basis points to 6.43%.

Analysis and Data
Foreclosure Activity Continued To Climb In Q1 2023

Foreclosure starts increase 29% YOY; bank repossessions at highest level in 3 years.

Analysis and Data
Building SPCPs

Give yourself an edge and borrowers some reprieve with SPCPs

Apr 18, 2023
NMP's Gated Communities
Apr 18, 2023
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Where Will Tech Take Us Next?

Where will tech take the mortgage industry?

Apr 18, 2023
NMP's The Principal
Legal Battle Over EPM NASCAR Sponsorship Going To Mediation

Equity Prime Mortgage, Jesse Iwuji Motorsports to meet with mediator next week.

Courts
Loans In Forbearance Decrease In March

MBA says as COVID-19 emergency comes to a close, forbearances continue to tick down.

Analysis and Data
Mortgage Applications To Buy New Homes Rose 0.6% In March

MBA says low inventory continues to 'constrain sales.'

Analysis and Data
NAR: Middle-Income Homeowners Build Wealth

Homeowners gained more than $120,000 in wealth over the past decade from home appreciation.

Analysis and Data