
FHA puts the fun in dysfunctional
Most mortgage companies would like to take the next few months off.
Most mortgage companies would like to take the next few months off.
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Government-Sponsored Enterprises (GSEs) have already completed over 60,000 foreclosure prevention actions in 2023.
A candid interview with Kristopher Martin, co-CEO at Oaktree Funding. Kris and Brian discuss the current market conditions and how NonQM products step in to help more people buy homes. Also, some great information on new loan products to fill gaps in mortgage lending.
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Even though rates may seem high, it is important to remember that one in four loans being written are refinances.
It is hard to fathom but closing loans today is a losing proposition to most mortgage companies as the cost to close the loan exceeds the profit.
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