Wholesale and Correspondent News: STRATMOR’s Tech Survey on M&A Trends
It’s a tough time in Los Angeles County right now, with devastating wildfires causing immense damage. More than 10,000 structures have burned, and sadly, at least ten people have lost their lives. Hundreds of thousands of residents are facing evacuation orders, making this the most expensive wildfire disaster in American history. Lenders and mortgage servicers in California are working hard to navigate these challenging circumstances, implementing new policies and procedures to assist borrowers and manage the financial impact of the fires.
As we focus on supporting those affected by the fires, it’s essential to come together as a community and provide assistance and shelter for those in need. Blame and finger-pointing won’t help us rebuild and recover from this disaster. Every effort should be focused on providing aid and support to those impacted by these tragic events.
These wildfires will have a significant impact on housing stock and inventory levels in the area. Replacing or repairing damaged homes won’t immediately address the need for new housing or help boost inventory levels. However, the most important priority is to ensure the safety and well-being of those affected by the fires.
In terms of financial news, Axos Bank is gearing up for the IMB Conference in Austin, Texas. Their Wholesale & Correspondent and Warehouse Lending teams will be available to provide innovative mortgage solutions, including Super Jumbo loans, buy-before-sell options, unlimited cash-out options, pledged assets, and cross-collateralization. Their Warehouse Lending division offers stable funding, extended cutoff times, and expanded product eligibility to help lenders stay competitive.
Similarly, eRESI is launching fresh Non-QM opportunities for 2025 and is excited to connect with industry professionals at various conferences. They are committed to providing exceptional service and supporting their partners in the mortgage industry. Collaboration and support are key in times of crisis, and these companies are demonstrating their dedication to their clients and communities.
