Union Home Mortgage (UHM) announced it acquired the origination assets of AmeriTrust Mortgage Corp. As part of the deal, UHM receives AmeriTrust Mortgage’s existing retail branches, wholesale broker relationships and corresponding sales channels in the deal....
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE: ONIT), is rolling out a suite of proprietary non-qualified mortgage (non-QM) products known as FlexIQ. The product suite will be available starting Oct. 20 through its correspondent lending channel for delegated...
The correspondent division of PennyMac Financial Services Inc. (NYSE: PFSI) is rolling out a new suite of non-qualified mortgage (non-QM) products on Sept. 22. According to the Westlake Village, California-based company, the new product types include Debt Service...
Premier Mortgage Resources LLC (PMR), a Meridian, Idaho-headquartered nationwide mortgage lender, has launched Specialty Products Division to support borrowers with customized products that go beyond conventional mortgages. The new division is designed to support real...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
