In an interview with IMFnews, John Hsu talked about Angel Oak’s $150 million subprime deal, noting that there is a “huge amount of support for this.”

The bank's expansion into government lending comes after a noticeable decline in its share price...

No purchase price was disclosed. The deal was first hinted at Friday on IMFnews.

The BofA spokesman, when asked by Inside Mortgage Finance whether the bank will deliver fewer loans going forward, declined to comment.

Greenleaf Income Trust this week priced a $135 million non-agency, nonprime MBS, the largest such offering since the housing bust. It marks the second nonprime MBS sold in the past week, and the fourth deal of the year – all of them sold as private placements with no ratings. Mike Fierman, managing partner and CEO of Angel Oak Companies, which is affiliated with Greenleaf, told Inside MBS & ABS he’s pleased with the outcome of the security. “We had broad investor participation and the transaction was oversubscribed.” Fierman said...

Rod Alba of ABA offered up this sobering thought: for violating the TRID rule, lenders could be fined up to $5,000 per violation, per day.

Analysts believe there is enough house price appreciation in many areas to lubricate the home equity sector again...

Both this bond and one recently marketed by Beach Point Capital – which included mortgages funded by Citadel Servicing Corp. – were oversubscribed.

The supply of home mortgage debt outstanding increased by 0.5 percent during the third quarter of 2015, following a similar modest gain during the previous period. A total of $9.952 trillion of single-family mortgage debt was outstanding at the end of September, according to a Federal Reserve report released late last week. It represented a second consecutive quarterly increase, something the mortgage servicing market has struggled to accomplish during the long contraction that started back in 2008. Most of the increase came...[Includes one data table]

Subservicing shops increased their portfolios to $1.50 trillion during the third quarter, a 6.4 percent sequential gain, as mortgage originators continued to rely on such specialty vendors, according to exclusive survey figures compiled by Inside Mortgage Finance. Compared to a year ago, subservicing volume was up an impressive 28.2 percent. At Sept. 30, roughly 15.8 percent of all outstanding residential mortgages were being processed...[Includes one data table]