Bloomberg covers a story that originally broke in the Wall Street Journal yesterday, saying Fremont General will no longer underwrite subprime second mortgages.
Publisher and CEO at HousingWire, Paul writes with wit and knowledge that spans the spectrum of mortgage banking. One of the real estate industry’s most influential writers, he has published more than 3,500 articles and was one of the first to cover the mortgage crisis in late 2006.
More and more Americans are choosing to rent instead of buy. With two single-family rental securitizations on the market at press time and more likely in the works, this new asset class has the financial market energized..
There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green. Read More