Most of its production is tied to homes in the Golden State but CALCAP hopes to go national one day.

Angel Oak’s first nonprime MBS came to market in December of last year and was backed by collateral with an average interest rate of 7.51 percent.

The private MI share of new primary insurance rose 6.0 percentage points to 37.8 percent during the second quarter, while the FHA share fell 5.4 percentage points to 34.4 percent…

Some 61.0 percent of loans securitized by Ginnie Mae in the first half of 2016 were purchase mortgages, compared to 46.2 percent for Fannie Mae and Freddie Mac…

“It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.

Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”

Initially, loanDepot planned to register 35 million shares of common at a target price of $16 to $18 a unit, which gave it a maximum valuation of $630 million.

The IG suggested that state HFA downpayment assistance programs are no different than the seller-funded DPA arrangements that led to huge losses for the FHA…

However, Ocwen is still prohibited from buying bulk servicing rights until it receives regulatory approval from certain states…

UWM’s Mat Ishbia said competition among wholesale table-funders is a good thing…