Mortgage lenders are rolling out new credit scoring models, but in the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system. Susan Hosterman, senior director for North America RMBS and cov

Achieve has expanded its fixed-rate home equity line of credit (HELOC) program, raising the maximum loan amount to $700,000 and lowering its lowest available annual percentage rate to 5.5% for qualified borrowers, the digital personal finance company said Wednesday. The changes, which took effect Ju

The country’s largest reverse mortgage brokerages based on February activity continued to set the pace in March across the Home Equity Conversion Mortgage (HECM) space, according to endorsement data released Thursday by Reverse Market Insight (RMI) and published by HECMWorld.com. The top five broker

Newfi Lending has integrated Prudent AI’s income analysis engine into its broker portal, giving brokers near real-time calculations for non-QM loans and cutting bank-statement turn times from roughly 72 hours to as little as three, the companies announced Wednesday. The new IncomeIQ portal, built on