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

The Unlikely Workforce That Could Help Fix America’s Property Tax System

More than 4,000 completed homes remain missing from the property tax rolls in Montgomery County, TX—and that's progress. The backlog once stood at roughly 12,000 properties. Just last year, the Montgomery Central Appraisal District added 5,052 previously missed homes to the rolls, restoring approxim

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