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Large metropolitan areas with the greatest number of foreclosure starts last month included: New York with 1,593, followed by Chicago (1,028) and Houston (685). Miami reported 657. On a slightly more positive note, although foreclosure…
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Non-agency lender Carrington Mortgage Services (CMS) has launched a second-lien program designed for homeowners who want to access home equity to pay off existing debt but don’t want to give up their low-interest-rate first loans. The…
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Davis underscored the importance of adding non-QM to a broker’s strategy can help them become market experts that investors trust. “When you’re working with an investor, you have to have the right tools in order to be an investor that’s…
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