Items Tagged with 'Jumbo'

ARTICLES

  • Caliber Home Loans rolls out jumbo loans with 5% down and no mortgage insurance

    Borrowers can qualify for $2 million with 5% down and 740 FICO score
    With home prices continuing to rise without any relief in sight, more lenders are beginning to offer new jumbo mortgage products in an attempt to keep up with those rising prices. Now, Caliber Home Loans is unveiling a new jumbo mortgage program of its own – and this one features loans of up to $2 million with as little as a 5% down payment and no mortgage insurance.
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  • Jumbo mortgage lender Eave launches in Colorado, promising “ethical mortgages”

    Offers complete underwrite and close within 21 days
    A new mortgage lender is launching in Colorado this week, promising to bring “ethical” mortgages to borrowers looking to buy high-priced real estate. Eave, which bills itself as a “revolutionary” lender, is launching in Colorado and offering jumbo mortgages to homebuyers in the state.
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  • Stearns Lending begins offering $1 million+ loans with only 10% down

    Loans also do not require mortgage insurance
    Last week, Stearns Lending announced that is was expanding by acquiring the mortgage production channels of Primary Capital Mortgage. On Wednesday, Stearns Lending announced another expansion, but this one isn’t an acquisition. Rather, Stearns is expanding its loan offerings to include a new mortgage offering for borrowers looking for million-dollar houses.
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  • Neat Capital unveils digital mortgage platform, acquires Whole Loan Solutions

    Boasts 12-day loan closings
    Neat Capital, a Boulder, Colorado-based fintech mortgage lender that focuses on jumbo loans, announced that it launched a digital mortgage platform that offers “fast, transparent, and painless loan approvals” and boasts average loan closing times of 12 days. But that’s not all the company news of the day. Neat Capital also announced that it acquired Whole Loan Solutions.
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  • Credit availability loosens slightly

    MBA revises methodology to reflect new loan program types
    After several months of interest rates near record lows, but decreasing credit availability, the mortgage credit availability index finally increased in July. Why? The MBA revised its methodology to better reflect new loan programs.
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  • Two Harbors gives up securitization business

    Also abandons mortgage loan conduit business
    Once a prominent feature of the secondary mortgage market, prime jumbo residential-mortgage backed securities fell out of favor in the aftermath of the housing crisis. While the post-crisis figures paled in comparison to the pre-crisis days, there are still a number of companies actively issuing prime jumbo RMBS deals. But now, there’s one less.
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  • DBRS: The future is bright for jumbo mortgage bonds

    Number of issuers growing; positive trends emerging
    Despite a drop in the number of prime jumbo residential mortgage-backed securitizations from 2013 to 2014, several trends are beginning to emerge that show the future of jumbo mortgage bonds is strong, DBRS said in a new report.
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  • WinWater prepping vanilla jumbo mortgage bond

    $287.74 million offering receives AAA ratings
    For the third time this year, WinWater Home Mortgage is preparing to bring a prime jumbo residential mortgage-backed securitization to market. WinWater Mortgage Loan Trust 2015-3 is backed by 382 loans with a total principal balance of $287,742,280.
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