Jumbo mortgage

Fannie Mae's New Refinance Option Available Beginning June 5

Retrieved on: 
Wednesday, May 5, 2021
Mortgage industry of the United States, Fannie Mae, Economy of the United States, Finance, Mortgage loan, Urban politics in the United States, Jumbo mortgage, Bibliography of Fannie Mae and Freddie Mac

b'WASHINGTON, May 5, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) today issued additional details about its new RefiNow option, which is available for qualifying homeowners with a Fannie Mae-owned mortgage beginning June 5, 2021.

Key Points: 
  • b'WASHINGTON, May 5, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) today issued additional details about its new RefiNow option, which is available for qualifying homeowners with a Fannie Mae-owned mortgage beginning June 5, 2021.
  • We partner with lenders to create housing opportunities for families across the country.
  • We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk.
  • To learn more, visit:\n'

Industry Leader A&D Mortgage Releases Revolutionary Prime Jumbo Loan Product

Retrieved on: 
Wednesday, March 31, 2021
Mortgage industry of the United States, Finance, Money, Mortgage, Economy, Personal finance, Loans, Mortgage loan, Jumbo mortgage, United States housing bubble, Subprime lending, Fixed-rate mortgage

HOLLYWOOD, Fla., March 31, 2021 /PRNewswire/ --A&D Mortgage, a leader in the wholesale Non-QM mortgage market, announces the release of its revolutionary Prime Jumbo loan product effective immediately.

Key Points: 
  • HOLLYWOOD, Fla., March 31, 2021 /PRNewswire/ --A&D Mortgage, a leader in the wholesale Non-QM mortgage market, announces the release of its revolutionary Prime Jumbo loan product effective immediately.
  • What sets A&D Mortgage's Prime Jumbo product apart from Jumbo loans available from other lenders is the fact that it is an automatic underwriting system (AUS) only loan.
  • A&D Mortgage's Prime Jumbo loan product is available for a 30-year fixed mortgage loan up to $2M for a primary home, secondary home or investment property.
  • In addition to their new Prime Jumbo loan product, A&D Mortgage offers programs for self-employed borrowers using bank statements, profit and loss statements, or 1099s for income verification.

Sprout Streamlines Premier Jumbo Full Doc Program

Retrieved on: 
Tuesday, March 16, 2021
Mortgage industry of the United States, Money, Finance, Loans, Economy, Jumbo mortgage, Subprime mortgage crisis, Personal finance, Mortgage loan, Subprime lending

EAST MEADOW, N.Y., March 16, 2021 /PRNewswire/ -- Sprout Mortgage , the leading nationwide force in non-QM residential lending, today announced a further effort to make its Premier Jumbo Full Doc program the simplest prime jumbo program in the mortgage industry.

Key Points: 
  • EAST MEADOW, N.Y., March 16, 2021 /PRNewswire/ -- Sprout Mortgage , the leading nationwide force in non-QM residential lending, today announced a further effort to make its Premier Jumbo Full Doc program the simplest prime jumbo program in the mortgage industry.
  • Starting March 18 and available for jumbo residential applications loans begun anytime in March, Sprout's new Automated Underwriting System Express (AUS Express) feature will provide a streamlined employment and income documentation approach for its Premier Jumbo Full Doc Program.
  • "This is a big step forward for mortgage professionals to provide home buyers with fast, streamlined access to increasingly popular jumbo loans," said Shea Pallante, Sprout Mortgage President and Chief Production Officer.
  • Full details are available to mortgage professionals through the Sprout Client Portal, while Sprout's easy-to-use iQualifi app provides scenario eligibility and pricing.

Figure, J.P. Morgan Close $100 Million Financing Facility for Jumbo, Conforming Mortgages

Retrieved on: 
Wednesday, January 13, 2021
Professional services, Data management, Technology, Finance, Software, Banking, Mortgage industry of the United States, Jumbo mortgage, Mortgage loan, Finance, Financial services, Banking in the United States, Super jumbo mortgage

Figure Technologies, Inc. (Figure), a leader in transforming financial services through the power of blockchain technology, announced today its subsidiary Figure Lending LLC has closed a $100 million financing facility for conforming and jumbo mortgages from J.P. Morgan.

Key Points: 
  • Figure Technologies, Inc. (Figure), a leader in transforming financial services through the power of blockchain technology, announced today its subsidiary Figure Lending LLC has closed a $100 million financing facility for conforming and jumbo mortgages from J.P. Morgan.
  • This is the fifth financing facility for the online lending pioneer, having closed nearly $1.5 billion across these deals.
  • Wall Street partners in financing facilities include Jefferies, other banks and funds and now J.P. Morgan.
  • This $100 million loan facility is another opportunity for Figure to continue fueling growth in its mortgage lending.

MAXEX Launches ESG Loan Programs for Minority, Women and Veteran-Owned Lenders

Retrieved on: 
Monday, December 21, 2020
Professional services, Small business, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Mortgage industry of the United States, Loans, Finance, Money, Mortgage loan, Jumbo mortgage, Financial services

The initial programs are designed to support the growth of minority, women and veteran-owned mortgage lenders.

Key Points: 
  • The initial programs are designed to support the growth of minority, women and veteran-owned mortgage lenders.
  • MAXEX will facilitate lending in underserved market segments by offering preferred loan pricing for qualified lenders through these ESG programs.
  • MAXEX is the industrys first digital mortgage exchange and clearinghouse whose ESG loan programs for qualified minority, women and veteran-owned lenders include:
    MAXEX Opportunity : MAXEXs market-leading jumbo loan program, with improved pricing for minority, women, and veteran-owned lenders.
  • MAXEX and J.P. Morgan are also in the process of delivering additional socially responsible ESG loan programs through MAXEX.

MAXEX Exceeds $13 Billion in Non-Agency Lock Trading Volume

Retrieved on: 
Thursday, December 10, 2020
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Mortgage industry of the United States, Finance, Jumbo mortgage, Mortgage loan, Money, Financial markets, Mortgage-backed security, Structured finance

MAXEX today announced that lock trading volume in non-agency mortgages on its digital exchange has exceeded $13 billion, more than double its total volume over the previous three years.

Key Points: 
  • MAXEX today announced that lock trading volume in non-agency mortgages on its digital exchange has exceeded $13 billion, more than double its total volume over the previous three years.
  • The company announced that it had exceeded $5 billion in lock trading volume at the end of 2019 .
  • MAXEX had trading lock volume in non-agency mortgages of more than $4.5 billion in the last 3 months alone versus $2.7 billion in all of 2019 and has quickly become one of the industrys leading aggregators of jumbo loans.
  • MAXEX strives to deliver value for our customers as we continue to grow and scale our business, said Bill Decker, President of MAXEX.

California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

Retrieved on: 
Tuesday, November 24, 2020
Mortgage industry of the United States, Finance, Money, Economy of the United States, Fannie Mae, Freddie Mac, Federal Housing Finance Agency, Government-sponsored enterprise, Conforming loan, Federal takeover of Fannie Mae and Freddie Mac, Jumbo mortgage

today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2021 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $548,250 on one-unit properties and a cap of $822,375 in high-cost areas.

Key Points: 
  • today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2021 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $548,250 on one-unit properties and a cap of $822,375 in high-cost areas.
  • "Increasing the existing Fannie Mae and Freddie Mac conforming loan limits will greatly benefit higher-priced areas of the state and provide stability and certainty to the housing market."
  • and the NATIONAL ASSOCIATION OF REALTORS (NAR) both have long advocated for making higher conforming loan limits permanent.
  • The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac can buy or "guarantee."

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1)

Retrieved on: 
Wednesday, January 22, 2020
Banking, Professional services, Insurance, Finance, Finance, Money, Economy, Mortgage industry of the United States, Loans, Personal finance, Kroll Bond Rating Agency, Mortgage loan, Subprime lending, Jumbo mortgage, Mortgage-backed security

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 51 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 51 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1).
  • J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1) is a prime RMBS transaction comprising 1,056 residential mortgages with an aggregate principal balance of $776.6 million as of the January 1, 2020 cut-off date.
  • The underlying collateral includes both prime jumbo loans (74.3%) and high-balance conforming mortgages (25.7%), all of which have been designated as Qualified Mortgages (QM).
  • This analysis is further described in our U.S. RMBS Rating Methodology.

Carrington Mortgage Services Introduces Prime Advantage

Retrieved on: 
Tuesday, December 10, 2019
Finance, Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Economy, Money, Finance, Mortgage industry of the United States, Loans, Personal finance, United States housing bubble, Subprime lending, Mortgage broker, Mortgage loan, Jumbo mortgage, Super jumbo mortgage

Carrington Mortgage Services, LLC (CMS), one of the nations largest privately held non-bank lenders, announces the launch of Prime Advantage.

Key Points: 
  • Carrington Mortgage Services, LLC (CMS), one of the nations largest privately held non-bank lenders, announces the launch of Prime Advantage.
  • Prime Advantage is designed for higher-credit-quality non-agency borrowers who may have just missed qualifying for conventional or jumbo loans.
  • The Prime Advantage product allows for the use of Alternative Income Documentation, while delivering competitive pricing.
  • Prime Advantage is a perfect fit for borrowers who find themselves in between qualifying for the Carrington Flexible Advantage PlusSM program and conventional or jumbo products.

California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

Retrieved on: 
Tuesday, November 26, 2019
Mortgage industry of the United States, Economy, Finance, Fannie Mae, Freddie Mac, Federal Housing Finance Agency, Government-sponsored enterprise, Conforming loan, Federal takeover of Fannie Mae and Freddie Mac, Jumbo mortgage

today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2020 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $510,400 on one-unit properties and a cap of $765,600 in high-cost areas.

Key Points: 
  • today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2020 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $510,400 on one-unit properties and a cap of $765,600 in high-cost areas.
  • commends the FHFA for increasing the 2020 loan limits for loans insured by Fannie Mae and Freddie Mac.
  • and the NATIONAL ASSOCIATION OF REALTORS (NAR) both have long advocated for higher conforming loan limits.
  • The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac can buy or "guarantee."