California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers... Read more »
A lot of debt tied to L.A. and Orange County properties will come due this year — and a lot of it is already in trouble. About $21 billion worth of commercial... Read more »
CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The... Read more »
Shangri-La Industries CEO Andy Meyers and 21 Conejo Boulevard in Thousand Oaks (Getty, Google Maps, Shangri-La Industries) UPDATED, Dec. 1, 2023, 9:40 p.m.: In 2020, the State of California gave Shangri-La Industries,... Read more »
Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according... Read more »
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied homes. The announcement, made via social... Read more »
The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing options for manufactured homes to... Read more »