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Coming Up:
Non-QM Lender Angel Oak Posts 3rd Straight Quarterly Loss
New CEO says he remains confident the company is uniquely positioned for success.
Nearly A Third Of Homes For Sale In 3Q Were New Construction
Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction — a record high.
MCT Expands Investor Services Team
Jennifer Kennelly appointed as senior director.
NextUs Launches Non-QM-Friendly Home Equity Product: HELOAN
Allows borrowers to take cash out of their built-up equity and preserve their low first mortgage rate.
Fannie Mae Makes BIG Addition To Network Of DUS Lenders
Says adding Basis Investment Group subsidiary advances its commitment to diversity and inclusion.
Technology Focused on Marketing
Guaranteed Rate is focused on making the job of loan officers easier with some great technology to help them market themselves to referral agents and customers.
Freddie Mac Names Single-Family Portfolio & Servicing Division Head
Industry vet Ravi Shankar returns after stints at Boston Consulting, UWM.
Mortgage Holders Lost $1.3T In Equity In Q3
Black Knight's September 2022 Mortgage Monitor Report also found 3.6% of borrowers are either underwater or have less than 10% equity.