Even with the assessment of Clayton, the functions that a deal agent complete remain nebulous.

Last year, the two Angel Oak companies originated roughly $350 million in non-QM loans. This year they are hoping for production that could top $850 million.

goodmortgage.com will be operated as a division of FGMC and run as a “dba.”

New applications are booming at PRMG...

Impac Mortgage, one of the better known non-QM lenders, funded $75.0 million in such loans during the first quarter of 2016, up from $50.8 million in the previous quarter.

Investor Unite’s Tim Pagliara said that a stay would prejudice him under Virginia law, where the case is to be “expedited” and could be resolved on the merits…

Is there a future for “marketplace” lenders in mortgage banking? Opinions can differ…

Are P2P firms a fad?

Lenders are getting more comfortable with originating non-qualified mortgages, particularly as opportunities to complete refinances decline. Non-QMs accounted for 14.0 percent of mortgages originated by 159 banks in 2015, up from a 10.0 percent share of originations the previous year, according to a survey by the American Bankers Association. “More banks are adjusting underwriting criteria to target selected non-QM loan opportunities,” the trade group said. The ABA found...

Competition in the correspondent channel prompted EverBank Financial to slow its jumbo production, according to company officials. EverBank had $724.54 million in jumbo originations in the first quarter of 2016, down 32.5 percent from the previous quarter and down 44.3 percent from the first quarter of 2015. Officials said the reduction was focused in correspondent lending. The bank also has retail and consumer direct origination channels. Robert Clements, EverBank’s chairman and CEO, said...