UHM acquires AmeriTrust assets, expands non-QM footprint
Union Home Mortgage Corp. (UHM) has acquired AmeriTrust Mortgage Corp. in an asset deal that closed in 45 days, boosting UHM’s exposure to the nonqualified mortgage (non-QM) market. Financial terms were not disclosed. “There have been long-term relationships between some of the senior executives on
Housing permits near cycle lows even as housing starts beat estimates
Housing starts beating estimates while housing permits are near cycle lows is an odd situation, but I am here to make sense of it and explain where exactly we are in the housing construction cycle. First, we have to always remember that housing starts are a very volatile number with a lot of revisio
RiskSpan releases credit risk model built for non-QM loans
RiskSpan has launched a new credit risk model designed for the expanding nonqualified mortgage (non-QM) market, adding to its existing prepayment modeling tools as investors seek more specialized analytics for the asset class. The company announced Friday the general availability of Credit Model 7.1
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