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Inside the non-QM boom: How Acra Lending serves borrowers outside the agency box

Housing Wire

Non-QM loans are often associated with higher interest rates and unfavorable terms that verge on predatory lending. Exploring the big picture of non-QM lending When it comes to non-QM loans, borrower use cases often vary depending on the person. For Acra Lending, non-QM loans for non-owner-occupied (NOO) properties start at 6.2%.

Lending 295
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Cambridge Wilkinson to launch $100M private lending platform

Housing Wire

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 288
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Precision partners: How AI and human expertise are elevating lending excellence

Housing Wire

Artificial intelligence has moved from a buzzword to boardroom priority in lending. It’s the thoughtful integration of advanced algorithms with seasoned lending professionals that’s creating results neither could achieve independently. This focus on precision distinguishes lending from other AI applications.

Lending 255
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Chase Home Lending announces limited-time refinance rate discount

Housing Wire

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. This offer extends to anyone with an existing mortgage at any lending institution looking to benefit from refinancing, she said.

Lending 348
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Trapped by design: Why America’s housing market is stuck — and what the rest of the world can teach us

Housing Wire

Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. The core insight: a well-designed financial product can serve both borrowers and lenders without creating systemic friction. Its a design problem. It was built for stability.

Design 254
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LoanSnap troubles continue as California revokes its lender license

Housing Wire

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August.

Lending 425
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HighTechLending to rebrand wholesale channel as American Senior Lending

Housing Wire

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 425