Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.
Freddie Mac reduced its portfolio to $339.9 billion at the end of the quarter, a 2.0 percent drop. Like Fannie, the biggest decline in percentage terms was in non-agency MBS…
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.
Stonegate’s results were affected by declining interest rates, a plague that has marred the performance of residential servicers from coast to coast...
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…