Mayer Brown LLP served as legal counsel to LenderMAC. Winston & Strawn served as legal counsel to Ares. About LenderMAC Bridgeway Lending Partners LLC d/b/a LenderMAC is a privately held mortgage company headquartered in Cypress, California. We are a full-service mortgage bank specializing in a diversified portfolio of mortgage products and services, strategically designed to address evolving market demands. LenderMAC is committed to driving growth and value through innovative lending solutions that empowe ...

TBA, Appraisal, Reverse Mortgage Tools; STRATMOR on AI and Competition; Can the CFPB be Willed Away? Under the category of careers that are, or will be, impacted, by artificial intelligence, attorneys are inevitably on it. Here’s a tale of a lawyer caught using AI while explaining to the Court why he used AI. In other legal mortgage news, California mandated forbearances for mortgage borrowers affected by wildfires. Meanwhile, is disaster assistance based on politics? Apparently California is not receiving ...

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to eight classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-11 (AOMT 2025-11), a $334.6 million non-prime RMBS transaction. The underlying collateral, comprised of 723 fixed rate residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. All the loans are either classified as non-qualified mortgages (Non-QM) (56.1%) or exempt (43. ...

Freddie Mac said on Thursday that the average rate on a 30-year mortgage slipped to 6.27% from 6.3% last week. A year ago, the rate averaged 6.44%, AP reported. The current level is just above 6.26%, last seen four weeks ago after a steady run of declines pushed borrowing costs to their lowest since early October 2024.Rates on 15-year fixed mortgages, often used by homeowners refinancing existing loans, also edged lower — dropping to 5.52% from 5.53% a week earlier. A year ago, the average stood at 5.63%, F ...

Mortgage rates in the US fell for a second straight week https://t.co/ec19Qw9oXI ...

The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year. The average long-term mortgage rate slipped to 6.27% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.44%. The latest dip brings the average rate to just above 6.26%, where it was four weeks ago after a string of declines brought down home loan borrowing costs to their lowest level since early October 2024. Borrowing costs on 15-year fixed-r ...

BOSTON--(BUSINESS WIRE)--Columbia Threadneedle Investments and Long Run Partners ("Long Run†) today announced a partnership to invest in and programmatically securitize up to $1.5 billion of high-quality non-agency mortgage loans that Long Run will source. The collaboration will combine Long Run's expertise as a leading non-agency mortgage platform with Columbia Threadneedle's deep credit research capabilities. "By aggregating and securitizing residential mortgages, our team expects to unlock c. ...

Mortgage rates have fluctuated today, but the rate on the most popular term — the 30-year fixed-rate mortgage — has decreased. According to Zillow, the average 30-year fixed rate is down four basis points to 6.20%, its lowest point in over a month. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.20% 20-year fixed: 5.83% 15-year fixed: 5.52% 5/1 ARM: 6.29% 7/1 ARM: 6.36% 30-year VA: 5.65% 15-year VA: 5.21% 5/1 VA: 5.60% Remembe ...

Federal National Mortgage Association's ( OTCQB:FNMA ) release from conservatorship approaches. This will finally unlock the value of the common shares, as well as the preferreds, particularly the Series S ( OTCQB:FNMAS ) andI analyze securities based on value investing, an owner's mindset, and a long-term horizon. I don't write sell articles as those are considered short theses, and I never recommend shorting.Former advisory representative at Fidelity. I do my own investing now and share my research here.A ...

Michael Tannenbaum, CEO of Figure (NASDAQ:FIGR), has recently noted that Tricolor bankruptcy made headlines and for “good reason.” The Texas-headquartered auto lender had allegedly “double-pledged” hundreds of millions of dollars in car loans to various banks like JPMorgan and Fifth Third. What appeared to be a liquidity issue actually turned out to be “something far worse: a data integrity problem.”Michael Tannenbaum of Figure explained in a blog post the system “couldn’t tell who actually owned what.”He p ...