HW+ Member Spotlight: Josh Mettle

This week’s HW+ member spotlight features Josh Mettle, division president at NEO Home Loans. With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. He

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Move over Fannie, the non-QM loan is in the fast lane

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan.  In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in

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Mortgage credit availability declines in November

Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). While there was an increase in loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic, that was

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Title insurance industry reports best quarter on record

The American Land Title Association saw a 32.5% year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis, published on Thursday. During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on

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Goldman Sachs plants its flag in the jumbo-loan gold rush

Investment bank Goldman Sachs, through its affiliate Goldman Sachs Mortgage Co., has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 billion, an analysis of bond-rating reports shows. Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated

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Mortgage rates move slowly despite tightening market

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published

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