While conventional residential lenders try to figure out how to cut costs in what likely will turn out to be a down year for originations, nonprime firms are headed in the opposite direction – growth. Angel Oak Companies, Atlanta, the largest nonprime lender of 2016 with $700 million of production, this week announced the promotion of four senior managers and plans to double its sales force, which presently numbers 52 account executives. “We’ve already added 16 ...

As its footprint in the residential credit market expands, counterparties are looking to Annaly as a source of liquidity…

Deephaven is headed by former Goldman Sachs managing director Matt Nichols, who earlier this year predicted strong growth for the correspondent buyer of non-QM loans…

Employee turnover is becoming a trend at Walter. Two weeks ago, the company's chief legal officer Jonathan Pedersen resigned.

In an interview, Ocwen’s chief compliance officer said: "We are a fully-transformed company and very anxious to break away from some of the regulatory constraints..."

It appears the Trump White House is once again seriously considering Pam Patenaude to be the deputy HUD secretary...

PHH Mortgage, which is restructuring its operations, was the top ranked interest-only lender in 2016…

Angel Oak employs 52 wholesale account executives and hopes to add three to four additional ones a month.

A former Utah appraiser said she lost her job to AVMs and now drives a bus for $40,000 a year...

Just two firms – Redwood Trust and JPMorgan Chase – continued to dominate jumbo issuance in the first quarter…