The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Ditech rolls out two new product features

Expands correspondent lending services

Ditech Mortgage Corp’s correspondent lending division announced two new features of its crimson jumbo product: non-warrantable condos and condotels.

The new features will be launched following this year’s Mortgage Bankers Association Annual Convention & Expo.

Condominiums can be deemed non-warrantable through a variety of issues – from the project including hotel-like features to having one person or entity owning more than 10% of the total units. They are also not eligible to be sold to Fannie Mae or Freddie Mac.

Meanwhile, Condotels are typically located in high-rise buildings that are developed and operated as luxury hotels, usually in major cities and resorts.

These hotels contain condominium units whose buyers essentially purchase full-service vacation homes.

“Many of ditech’s competitors do not lend on non-warrantable condos and condotels,” said John Davis, senior vice president of correspondent lending at ditech. “The MBA Annual Convention & Expo offers the perfect place for us to showcase how we can help consumers purchase and finance these types of properties. 

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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