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Incenter acquires due diligence firm Edgemac

Housing Wire

Incenter is adding a third-party due diligence review firm to its umbrella of companies. Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized.

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2025 will be a year of Non-QM player diversification

Housing Wire

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

Banks 384
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Services provider Adfitech rebrands as Mortgage Connect Risk Solutions

Housing Wire

Oklahoma -based Adfitech , a mortgage industry partner for quality control and risk management services, has changed its name to Mortgage Connect Risk Solutions. In February 2024, industry veteran Kim Hoffman was hired as president of the new affiliate. It reports that its 300-plus clients include several major U.S.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

One group of industry players — loan underwriters — are the chief cause of the logjam. The same was the case with industry groups and regulators like the Mortgage Bankers Association , the National Association of Mortgage Underwriters and the U.S. About a half-dozen RMBS issuers also were contacted for this story, including J.P.

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Meet the likely buyers of independent mortgage banks in 2023

Housing Wire

trillion in volume, according to industry forecasters. But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. With such a drastic downturn, the pressure for industry consolidation increases dramatically. trillion to $1.7

Banks 410
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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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NYCB to sell $5B in mortgage warehouse loans to JPMorgan

Housing Wire

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The bank was followed by Flagstar, with $11.8 billion in volume and a 12.3%

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