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The nation’s mortgage insurance firms are beginning to report delinquency figures for May and, as might be expected, COVID-19-related forbearance is having a negative impact. Radian, for instance, had delinquency inventory of 5.0% compared to 1.83% at March 31. In a new SEC filing, the MI notes there are implications for investors in its insurance-linked note transactions...
Not only are Angel Oak and Seer Capital Management out with new non-QM deals, but so too is Oaktree Capital Management. The company is prepping an $188.5 million security. The top contributors to the deal are Metro City Bank with a 47.6% share and A&D Mortgage at 33.8%, according to presale reports...
Two Harbors Investment Corp. said in a new SEC filing it has “removed” Thomas Siering as president and CEO effective immediately. Few details were provided on the reasons behind his departure, though he will remain as a director. The publicly traded REIT named William Greenberg as his replacement. Greenberg has served as VP and co-chief investment officer since January of this year. His resume includes a stint at UBS as a managing director...
In trading Thursday, Two Harbors’ shares were at $5.11 compared to a 52-week high of $15.85 and a low of $2.85...
RAMS Mortgage Capital is auctioning off a $1.09 million portfolio of scratch-and-dent loans in Texas. The debt-to-income ratio is 49.12% with average FICOs of 675. The weighted average coupon is 5.90%.
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