An executive at Angel Oak Capital, Atlanta, parent of Angel Oak Home Loans, confirmed that his firm is seeking a rating and would like to issue a rated non-QM MBS someday…
Credit Suisse issued two more series of notes this week on its mortgage-lending warehouse securitization offering, according to Moody’s Investors Service. The $1.20 billion in total new issuance from the Wall Street firm followed two notes it issued in August totaling $800 million. As with the August issuance, the new Mortgage Repurchase Agreement Financing Trust, Series 2016-3 and Series 2016-4, received A2 ratings from Moody’s. All of the deals were underwritten by Credit Suisse and HSBC Securities. The transactions are backed...
In case you didn’t know it, the Irvine, CA-based Citadel now services roughly $650 million in nonprime loans. Angel Oak and Deephaven use subservicers…
CEO Debra Still of Pulte Mortgage blamed low usage on the fact that Fannie and Freddie use different terminology and eligibility criteria for things like area median income.
PHH officials say the company has improved its servicing operations in recent years and agreed to the consent order “to avoid the distraction and expense of litigation.”
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