According to an informational circular on Angel Oak Mortgage Solutions, some of the top executives at the firm used to work for Southstar Funding in Sandy Spring, GA.

Maverick, which will take on the Home Point name, services roughly $1 billion in home mortgages.

If preapproval letters from certain lenders are routinely unreliable, real estate agents tend to suggest that homebuyers apply for a mortgage with a different lender, according to new research by Campbell Surveys, based on a national survey sponsored by Inside Mortgage Finance Publications. “Agents are sometimes skeptical of mortgage providers selected without their consultation,” said Tom Popik, research director of Campbell Surveys. Before working with a potential homebuyer, real estate agents largely prefer...

Residential originations for the group fell 45.7 percent from 2013, indicating that profit margins shrank slightly more than production volume.

Some 16 single-borrower SFR rental deals have been issued since the market came to life in November 2013.

The Prestwick Group is selling a Fannie/Freddie $167 million bulk deal with a monthly flow component of $15 million to $20 million.

According to a March forecast, Fannie Mae estimates that $1.239 trillion of residential loans will be funded this year.

An outside public relations representative for RoundPoint said the company does not comment on M&A rumors.

Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...

Mid-range credit scores – from 700 to 739 – accounted for 21.3 percent of Fannie and Freddie business last year.