Author: badmortgage
NEW YORK, April 09, 2026–(BUSINESS WIRE)–KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from BRAVO Residential Funding Trust 2026-NQM4 (BRAVO 2026-NQM4). The $492.3 million RMBS transaction is collateralized by a pool of 1,040 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 99.3% and 0.7% of the pool, respectively. A notable portion of the loans are classified as exempt (53.6%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to being originated for non-consumer loan purposes, with the remaining loans classified as either non-qualified mortgages (Non-QM) (34.1%), safe-harbor QM (10.3%) or rebuttable-presumption (2.0%). KBRA considers the…
Financially strapped homeowners are moving beyond online searches for foreclosure information to seeking legal assistance. LegalShield, a legal subscription service, reports that foreclosure-related legal requests surged in the first quarter of 2024, reaching their highest level since March 2020.
SEDRO-WOOLLEY— U.S. Small Business Administration (SBA) Deputy Administrator Bill Briggs hosted a disaster roundtable and toured two local farms in Washington state on Wednesday to see firsthand the progress on recovery efforts impacted by the record-breaking flooding in the December 2025 back-to-back atmospheric rivers. U.S. Small Business Administration (SBA) Deputy Administrator Bill Briggs (center) with SBA Office of Disaster Recovery and Resilience team members in front with the mobile recovery vehicle at Sedro-Woolley City Hall on April 8, 2026. Source: Lynnwood Times “So, part of what I was doing today was hosting a disaster roundtable with officials to learn what worked, what were the early…
Company celebrates milestone after growing from a four-person startup to a national lender with 100 branches across 16 states VIRGINIA BEACH, Va., April 9, 2026 /PRNewswire/ — Atlantic Bay Mortgage Group (ABMG) is celebrating its 30th anniversary this year, marking three decades of growth, innovation, and community engagement since the company was founded in 1996. What began as a four-person startup has grown into a nationally recognized mortgage lender with more than 600 employees, 100 branches across 16 states, and more than 208,000 homeowners served. Atlantic Bay Logo (PRNewsfoto/Atlantic Bay Mortgage Group) Over the past thirty years, Atlantic Bay has…
New DSCR Loan Toolkit from HomeLife Mortgage helps real estate investors evaluate rental property financing faster using a streamlined quote-first…
Chrysalis represents the first deployment of new nuclear technology at this scale in decades. The facility uses novel American-made fusion systems to produce Mo-99—a life-saving medical isotope used in over 40,000 procedures daily to diagnose heart disease, cancer, and other serious medical conditions. By establishing U.S. production capability, Chrysalis addresses a critical national security vulnerability while demonstrating American leadership in advanced nuclear systems. “Chrysalis proves that fusion doesn’t need to wait for future breakthroughs to create value for millions of people today,” said Greg Piefer, founder and CEO of SHINE. “This conditional commitment is a critical catalyst that accelerates our…
COPPELL, Texas, April 9, 2026 /PRNewswire/ — Sagent, a leading provider of mortgage servicing technology, today announced that Evergreen Home Loans, a full-service direct mortgage lender headquartered in Bellevue, Washington, has selected Dara® by Sagent — the industry’s most modern cloud-native, end-to-end mortgage servicing platform, to support scalable growth, operational efficiency, and a more connected homeowner experience. Evergreen Home Loans has built its reputation on delivering loans On Time and As Promised®, combining high-touch service with innovative programs such as Security Plus Seller Guarantee™ and CashUp® by Evergreen. As the company expands, it now takes a deliberate approach to modernize…
Factors influencing current mortgage ratesToday’s mortgage rates are influenced by economic and market conditions, as well as personal factors. The rate you’re quoted by a lender might be higher or lower than the national average. Here are some of the items considered when calculating your mortgage rate:10-year Treasury yield: Current mortgage rates, especially on a 30-year fixed-rate mortgage, are related to movements in the 10-year Treasury yield. Mortgage-backed securities: The rate investors earn on mortgage-backed securities also plays a role. Spreads between mortgage-backed securities and Treasury yields, as well as between what lenders offer borrowers and mortgage-backed security rates, impact current…
Bank of America Corp. and Citigroup Inc. have sold down a multi-billion dollar bridge loan backing Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc. to a wider group of banks, a key step in one of the biggest M&A financings of the year.
Homebuyers and owners hoping to refinance should begin by familiarizing themselves with the current mortgage interest rate environment. carlofranco/Getty Images Shopping around for mortgage interest rates has been shown to result in a mortgage interest rate around half a percentage point below average. And that makes sense. Mortgage lenders will respond to market conditions in different ways, sometimes preemptively (as when a Federal Reserve interest rate cut is looming) and sometimes in anticipation of poor economic conditions or developments. Their reactions to today’s ongoing geopolitical tensions and overseas conflicts are also unlikely to be identical. In this climate, different interpretations…