When one window closes, another opens. That seems to be the case when it comes to reducing purchase caps placed by the GSEs on investor loans. Lenders are not happy but investment bankers love it.
Based on activity over the past year, mortgage IPOs can sometimes underwhelm. Angel Oak’s was no exception but investors in the common shares are betting on non-QM lending taking off in the years ahead.
Aircraft market values have not recovered post-pandemic, according to Fitch Ratings. Also, improvements will drag on due to supply and demand imbalances. The wild card? Next generation replacement technology, which relegates older airline models to the hangar.
Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.)
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