The head of Verus Mortgage Capital chats about the expanding non-prime space – and why brokers should take advantage of it
Kathy Kraninger works closely with Mick Mulvaney at the Office of Management and Budget
Last week the Department of Justice asked a federal judge to add a Wells Fargo exec to the fraud suit filed against the big bank more than a year ago.
The terms of JPMorgan Chase’s record $13bn mortgage-bond settlement with the government will undermine Washington’s efforts to move mortgage-market risk from taxpayers to private capital, according to the world’s largest money manager.
Delinquency rate also falls in October.
More than a dozen people have been charged in what federal prosecutors are calling a multimillion-dollar mortgage fraud scheme.
Commercial real estate is seeing modest but steady growth, but tight credit standards continue to slow recovery.
The percentage of underwater homeowners fell at the fastest pace on record in the third quarter.