Mortgage-Related Complaints Fall Across the Board November 10, 2021 Brandon Ivey Complaints regarding loan closings declined at the fastest rate during the third quarter...Read More
Angel Oak (the REIT) Sees a Spike in Income as Non-QM Sector Heats Up November 10, 2021 Brandon Ivey Brandon Filson, AOM’s chief financial officer, said the company has the potential to generate returns of roughly 12% to 15% from whole loans...Read More
Prices for Non-QM Whole Loans are Robust. However… November 10, 2021 Paul Muolo One non-QM executive said he’s beginning to see whole-loan prices soften “a little.”Read More
Mods Keep FHA Ahead of VA in New Ginnie MBS November 9, 2021 John Bancroft Loan modifications played a big part in keeping the FHA program the top provider of Ginnie loans.Read More
UWM’s 3Q: Record Originations, Improved Earnings and a Swipe at its Competitors November 9, 2021 Paul Muolo The Pontiac, MI-based lender is forecasting 4Q originations of $52.0 billion to $60.0 billion and a GOS of 85 to 105 bps.Read More
Finance of America Swings to a Profit in Third Quarter November 9, 2021 Brandon Ivey While FoA is originating many more traditional mortgages than reverse mortgages, much of the lender's profits are coming from reverses...Read More
Chopra Mum on Potential Changes to the QM Rule November 9, 2021 Sam Manas When asked if he supported the new qualified mortgage rule, Chopra said, “I don’t know"...Read More
AmWest Funding Tops Expanded-Credit MBS Contributors in 3Q21 November 8, 2021 Brandon Ivey Among the major contributors to expanded-credit MBS, Sprout and HomeXpress Mortgage had the biggest jumps in securitized loans...Read More
Ocwen Turns a Profit in Third Quarter November 8, 2021 Brandon Ivey Ocwen's MSR investments are ahead of schedule...Read More
Mortgage Hiring Up Ever So Slightly This Fall. However… November 8, 2021 Paul Muolo Lenders and brokers continue to maintain their payrolls, but staff reductions could be on the horizon...Read More
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