Tag Archives: LOANS

T.’s more blood on the tracks in the non-QM market REIT Western Asset Mortgage Capital, coping with red ink and underwater non-QM loans, is exploring a sale or merger

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The REIT, which is managed by investment advisor Western Asset Management Co. LLC, recently announced that it is exploring a potential company sale […]

The Truth About Navy Federal No Down Payment Mortgage Loans | Navy Federal 100% Financing Mortgage

The Truth About Navy Federal No Down Payment Mortgage Loans | Navy Federal 100% Financing Mortgage ________________________________________________________________________________ Check out the links below to Super Charge Your Life Youtube Course ( How I Make $25,000 + a Month on Youtube) : How I turned Personal & Business Credit into millions Easiest Guide To The ATM Business: […]

Bank statement loans and asset depletion to qualify?

The Fed admits the economy is slowing Here’s what that means By DDA Mortgage • 29 Jul, 2022 • The Federal Reserve hiked rates 0.75% on Wednesday, which was mostly expected by market participants before the announcement. The question is, will the Fed keep aggressively hiking rates if the economic data worsens? I say this […]

Seniors balk at using home equity loans

Read more: Is this mortgage’s “must watch” sector? Essentially, the study’s senior-related results were a resounding “get off my lawn!” with a splash of “and turn down that music!” Metaphorically speaking, of course. Steve Resch (pictured), vice president of retirement strategies at Finance of America Reverse, acknowledged being somewhat taken aback by the mass reticence. […]

HUD, Citi, Anchor Loans and Doma make leadership announcements

Left to right: Dean Griess, Lisa Hamilton, Nate La Coss Reverse-mortgage lender American Advisors Group appointed three new finance-industry leaders to serve on various teams throughout the organization. The Irvine, California-based company named Nate La Coss vice president field sales, Dean Griess vice president learning and development and Lisa Hamilton vice president underwriting and appraisal […]

NAB changes tailored home loans

National Australia Bank has announced changes to its NAB Tailored Home Loan offered through the broker channel, which are aimed at providing greater transparency for brokers. NAB customers will also be able to access better rates with large deposits or more equity in their property. Available from July 25, the refreshed tailored home loan introduces […]

Angel Oak Home Loans opens non-QM business in new locations

The firm expects the expansion to establish Angel Oak as a growing mortgage lender providing high-quality customer service and alternative loan products for homebuyers who do not meet the strict lending standards of traditional lenders. “Angel Oak is well equipped to serve borrowers in need of traditional and customized loan products that can help them […]

Interest-only loans putting households at risk

A mortgage brokerage founder with more than 20 years’ experience is warning that many Australians could lose their homes after coming off interest-only periods on their loans. Kevin Lee (pictured),  who was a former Smartline broker franchisee in the Sydney suburb of Castle Hill for 18 years and a property adviser for nine years,  described […]

More borrowers are getting forbearance modifications The total number of loans in forbearance decreased to 2.06% as of Oct. 31, shows MBA

Forbearance predictably declined across the board last week as exits accelerated, but more borrowers are going into plan modifications because they are still struggling to recover their pre-pandemic income. The total number of loans in forbearance decreased by nine basis points to 2.06% as of Oct. 31, according to the latest report from the Mortgage Bankers Association (MBA). […]

Small business loans for the self-employed

Self employed with options on buying a home without tax returns By DDA Mortgage • 20 Jun, 2022 • If you’re self-employed, have 1099 income, or don’t have traditional income, it can be tough to buy a home. You might have a high income and excellent credit, but unless you can prove it with tax […]