Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
Impac’s Production Shrivels Ahead of Business-Model Shift March 17, 2023 Brandon Ivey Few originations and limited warehouse capacity as Impac shifts into providing leads to mortgage brokers.Read More
Surprise: FHFA Delays Implementation of DTI Fees March 16, 2023 Dennis Hollier The move by Thompson gives seller-servicers more time to prepare...Read More
Parent of Sterling Bank Pleads Guilty to Charge Involving Non-QMs March 16, 2023 Brandon Ivey Sterling remains under investigation by the SEC but bank management doesn't believe it will result in an enforcement action...Read More
loanDepot Discloses Large Cash Transfer Out of ‘Bridge Bank’ Signature March 15, 2023 Paul Muolo Signature, which had crypto clients, was co-founded and chaired by Scott Shay, a former partner of MBS co-inventor Lewis Ranieri.Read More
FoA Shrugs Off Losses, Focuses on Reverse Mortgages March 15, 2023 Brandon Ivey FoA's Fleming acknowledged that reverse originations are down but longer term views it as an attractive market...Read More
BPL Remains Profitable for Velocity, Company Hints at Acquisitions March 10, 2023 Brandon Ivey The nonbank originates non-agency business-purpose loans and is considering M&A opportunities beyond the sector.Read More
Angel Oak’s REIT Looking to Recover from Non-QM Volatility March 9, 2023 Brandon Ivey The REIT stopped acquiring non-QMs during the fourth quarter but is now preparing to resume acquisitions.Read More
Angel Oak Preps MBS Backed by 5.2% (Older) Non-QMs March 7, 2023 Brandon Ivey The loans backing the deal have seasoned for an average of 15.5 months...Read More
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