Deal gives the nation's biggest provider of riskier 'non-QM' mortgages additional capacity to offer more traditional loans backed by Fannie Mae and Freddie Mac, FHA, VA and USDA
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
The deal is the second Lender Price has announced this week to provide broader access to its marketplace product, pricing and eligibility engine
Nonbank mortgage lender Newrez says 40-year, interest-only loans will help borrowers and investors who have been priced out of today's housing market
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
Opinion
Big banks are waiting for their opportunity to replace you