New York Life Investment Management is acquiring a majority stake in Invictus Capital Partners, putting the $838 billion asset manager behind Verus Mortgage Capital's growing non-agency platform
Benchmark Mortgage is shifting its resources to retail after closing Eleven’s wholesale and correspondent operation, while brokers face questions over loans already underway
How lenders and brokers can test the default, challenge the findings, and preserve a workable resolution in DPA, P&L, and DSCR disputes
The wholesale and correspondent lender plans to move six underwriting automation products into production within three months
Its $850,000 limit is available through consumer-direct, TPO, and correspondent lending ahead of FHFA’s 2027 announcement
Former NTFN president will lead scratch-and-dent purchasing, pricing assessments, and hedging oversight for the lender’s correspondent division
The company expects to begin purchasing fixed-rate HELOCs from correspondent lenders during the third quarter
The aggregator has advanced from planning its first securitization and courting capital partners to pursuing one of the largest shares of the growing Non-QM market
Fifteen-year-plus veteran tapped to oversee pipeline strategy and partner engagement initiatives to support growth across the correspondent channel
Planet Home Lending has named industry veteran Kris Kehl a senior mortgage loan officer in California, adding deep product expertise and a relationship-driven approach to support homebuyers navigating affordability challenges