Newfi Lending, an online mortgage lender and portfolio company of global private equity firm Warburg Pincus, has launched Sequoia Porfolio Plus, a proprietary loan program that offers flexibility for mortgage brokers looking to approve “difficult-to-qualify” borrowers. “We wanted to create a loan program that combines the best of jumbo and non-traditional borrowing options,” said Newfi Lending CEO Steve Abreu […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Friday, March 23 Mortgage Bankers Association (MBA) Quarterly Mortgage Bankers Performance Report Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $237 on each loan they originated in the fourth quarter […]
If you ask mortgage lender loanDepot, its new corporate campus is the most exciting thing to hit southern California this year. The campus — for loanDepot’s end-to-end digital lending brand mello — would be run of the mill in Silicon Valley. But for the mortgage industry, it’s certainly unusual. The 8-year-old lender on Wednesday unveiled a […]
Events are coming so fast in bunches and connected and separate that it’s hard to sort noise and style from substance. The Fed met this week, concluding with Chair Powell’s first press conference and new projections for the cost of money. In any other month or year or decade the Fed news would have dominated […]
As real estate leaders confront the challenges of the 21st century — from technological disruption of their industry to issues of housing affordability, changes in government, crime, sexual harassment, diversity, natural disasters, and more — the task of building a successful business can seem daunting and possibly out of reach. But there is a path […]
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