The Bipartisan Policy Center (BPC) has added Capital One to its Executive Council for Housing Affordability, a group of private-sector leaders focused on expanding access to affordable housing. Gina Metrakas, vice president and head of federal advocacy at Capital One, will represent the company on the council. Metrakas previously held senior leadership roles at the […]
Capital One joins BPC housing affordability council Read More »
AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date. The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th securitization of AD-originated collateral and the 21st to receive ratings from
AD Mortgage launches its largest non-QM securitization yet Read More »
Improving a credit score could save homebuyers tens of thousands of dollars in mortgage interest, according to a new nationwide study from AD Mortgage, released on Thursday. The analysis, Credit Score vs. Mortgage Cost: How Long It Takes to Improve and How Much It Can Save, State by State, shows that even modest gains in
Minor FICO score improvements can ease homebuying costs Read More »
Leadership at C2 Financial is looking to reclaim a top wholesale ranking by strengthening its infrastructure, leveraging artificial intelligence, recruiting and mentoring the next generation of loan officers, and expanding from 42 states to nationwide coverage. In 2021, C2 was ranked No. 1 on Inman’s top 10 list of independent mortgage brokers to gain market share, which used
C2 Financial pushes for nationwide growth, top broker ranking Read More »
Nearly two months after three federal housing agencies wrapped up an extended public comment period about the future of two federal reverse mortgage programs, industry stakeholders are waiting to learn what they’ll do next. In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae announced a
HUD reverse mortgage changes remain unclear Read More »
Zillow is seeking to have the consolidated Taylor-Armstrong Real Estate Settlement Procedures Act (RESPA) lawsuit dismissed. The real estate giant filed its motion to dismiss in U.S. District Court in Seattle on Friday. The lawsuit, which was consolidated in early December, began in mid-September, when plaintiff Alucard Taylor filed his initial complaint. Taylor alleged that
Zillow seeks dismissal of consolidated RESPA lawsuit in Seattle Read More »
Eight trade groups representing lenders are urging federal regulators to revise bank capital rules by adopting a more tailored risk weight for mortgages held on balance sheets and by significantly cutting the capital charge applied to mortgage servicing rights (MSRs). In a letter sent Friday to the Federal Reserve, the Federal Deposit Insurance Corp. and the
Trade groups push for lower MSR capital charges, tailored mortgage risk weights Read More »
Kiavi, a digital nonbank lender for residential real estate investors, announced Thursday that it closed a $350 million rated securitization of residential transition loans (RTLs). The transaction marks Kiavi’s sixth rated securitization and 24th deal under its LHOME shelf, bringing its total offered notes to more than $6.8 billion since inception, the company said. The
Kiavi closes $350M RTL securitization, nears $7B in total issuance Read More »
A study by Andrew Davidson & Co. found meaningful credit score discrepancies among the three major bureaus — a key data point for those arguing in favor of maintaining the tri-merge standard rather than shifting to a bi-merge or single-report model. According to the paper, released Friday, 35% of the 245 million scored consumers in
Study reveals bureau score gaps, fueling tri-merge credit debate Read More »
Huntington Bank — which is poised to become a $280 billion institution after its acquisitions of Cadence Bank and Veritex Bank — is aggressively expanding its mortgage footprint across Texas and the Southeast while emphasizing a “partnership” culture over a traditional acquisition model. That’s according to Carolyn Gorman, the bank’s senior vice president and mortgage