Lower Profits for Angel Oak's REIT. Reason: Higher Rates March 16, 2022 Brandon Ivey For the full year, the REIT's profit totaled $21.1 million. Its assets increased to $2.57 billion at Dec. 31, compared to just $509.6 million at yearend 2020.Read More
What's Rocket Going to Do With All That Cash? (Buy MSRs) March 16, 2022 Paul Muolo Rocket has been described by some as a sophisticated investor in mortgage servicing rights...Read More
Condo Groups Seek Delay of Fannie/Freddie Standards March 16, 2022 Dennis Hollier Industry representatives have described the new Fannie/Freddie requirements as draconian...Read More
CSBS Hopes to Avoid Another LO License Renewal Mess March 16, 2022 Sam Manas The high latency rate was due to the sheer volume of LO license renewals...Read More
Moody’s Gives a Bearish Outlook on Mortgages, Nonbanks Beware March 15, 2022 Paul Muolo How to survive the coming storm? Have above-average capital...Read More
Secondary Market Demand In Flux for Non-QMs March 15, 2022 Brandon Ivey and Paul Muolo What caused the recent glut in non-QM paper? Supply and demand...Read More
Academic Study Finds TRID Prompted Lower Approval Rates March 15, 2022 Sam Manas The researchers analyzed nearly 8 million residential loan applications, both approved and denied...Read More
GSE CRT Issuance Drops in 2021 Despite Fannie’s Return March 15, 2022 Dennis Hollier Except for a $1.70 billion lender risk deal with PennyMac in the fourth quarter of 2020, Fannie had no CRT activity until October 2021.Read More
Increase in Mortgage Limits Impacts GSE Seller Volume March 14, 2022 Dennis Hollier The top five loan sellers to the GSEs in February: Rocket, UWM, Chase, Wells Fargo and loanDepot...Read More
A Ginnie EBO Portfolio Hits the Auction Circuit March 14, 2022 Paul Muolo Bids on the whole loan package are due by St. Patrick's Day...Read More
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