A report from Reuters says that the offering will be called WIN 2014-1 and that the deal is a private 144A offering. Reuters also reports that the pool of loans will have an average FICO score of 760 and that the loans carry a 71% loan-to-value.
Springboard Nonprofit Consumer Credit Management, Inc. is expanding services available for home-loan borrowers who need help with recent or upcoming increases on their Home Equity Line of Credit or second mortgage payments.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More