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Is investor appetite for non-QM changing?

Housing Wire

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

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Figure Technologies launches wholesale lending platform

Housing Wire

Originators will use Figure’s online pre-application process to pre-qualify their customers, which then feeds directly to a digital fulfillment system supported by Figure. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

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Mortgage infrastructure platform Pylon raises $8.5M in seed round

Housing Wire

Conversion Capital led the funding with participation from Fifth Wall , Peter Thiel , QED Investors , Montage Ventures , and Village Global as well as Ramp , Blend , Zillow , SoFi and Figure , the company announced.

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Mortgage rates are projected to decline, but will that entice buyers?

Housing Wire

Investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time,” Fratantoni said. Andrew Marquis, regional vice president at CrossCountry Mortgage , also noted that he’s doing twice as many pre-approvals that he was doing in the fall due to the decline in rates. “We

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Black Knight to sell TitlePoint back to Fidelity for $225M

Housing Wire

The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion a year prior, with adjusted pre-tax earnings of $400 million, compared to $669 million a year ago.

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Divvy Homes hits $2 billion valuation after latest funding round

Housing Wire

Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets.

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Mortgage demand gets a boost as rates decline for three straight weeks

Housing Wire

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Arias said his pre-approval applications for March are in line with January’s numbers — but he hasn’t seen the busy spring buying season that everyone had hoped for. “It

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