Broker, Non-QM Products; Lenders and Investors React to VA and FHA Changes

Posted To: Pipeline Press

In the good news category, we can all knock “lumber prices” off the list as a hindrance to builders. Prices are down 25% in the last year. Is it “easier” to be a builder, or home buyer data source, than a lender? Zillow has found that being a mortgage lender isn’t a cakewalk in recent months and has replaced CEO Spencer Rascoff (a co-founder who served as CEO for nearly a decade and oversaw the transition for Zillow as the home buying platform moved into mortgage lending and buying and selling homes) with co-founder Rich Barton. In other senior management changes, congrats to Steve Smith, Stearns Lending’s new president . Lender P roducts and Services For banks and credit unions looking for wholesale relationships, Gershman Mortgage offers a Non-Delegated...(read more)

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