A New York State real estate fraud ring that purchased more than 700 properties in Baltimore has defaulted on $100M in loans, leading to hundreds of foreclosures in majority Black neighborhoods
A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
Kiavi has packaged up more than $5.1B in 'residential transition loans' for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was bumped up to $400M
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Single-family real estate investors have historically borrowed from local banks — until now. What you need to know