The cost for nonbanks to borrow in a market with very little refinance activity is high, and accounts for a notable stress on the government mortgage system, Ginnie Mae President Alanna McCargo said.
Issues in the home insurance market are leading to a lack of available policies for homeowners, according to a new report.
In Part II of our two-part series, HousingWire crunched the numbers to reveal which lenders have pulled back or exited the jumbo market, and which nonbank lenders and Wall Street firms are moving into the jumbo space.
With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts.