Global investment firm Atlas Merchant Capital and Florida-based lender A&D Mortgage have announced a joint venture (JV) to expand A&D’s $7 billion mortgage securitization platform. The JV, which will draw from a combination of internal and third-party capital sources, will purchase mortgages originated and serviced by A&D and other lenders. The goal of the JV…
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Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August. According to the monthly foreclosure report from Attom, foreclosure filings fell 5.3% compared to July and completed foreclosures dropped by 12%. A total of 30,227…
Homebuilder confidence has been declining for months, but positive developments with mortgage rates are giving them a rosier outlook. That’s according to the September Housing Market Index (HMI) from the National Association of Home Builders (NAHB) and Wells Fargo. The index rose to 41, growing by two points relative to August. A score above 50…
The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. At policy panels held by the Community Home Lenders of America (CHLA) on Monday in Washington, D.C., former Federal Housing Financing…