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Non-QM Lender Angel Oak Ventures into Small-Balance Commercial Market

May 10, 2018
Paul Muolo
Angel Oak's small-balance commercial unit employs 19 full-timers and hopes to add an additional 30...
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Short Takes: Impac Employees Looking Around? / Ex-CFPB Chief Cordray Wins in Ohio, but… / Will Warren Pick Cordray to Head the CFPB (Again)? / AIG Unit Readies Jumbo MBS / PennyMac Restarts Jumbo Unit

May 10, 2018
Brandon Ivey and Paul Muolo
Cordray was never popular in the mortgage industry because of all the regulations he heaped on lenders and servicers...
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As Originations Slow, Warehouse Providers Face Tight Profit Margins at Some Borrowers and Riskier Credits

May 10, 2018
The nation’s warehouse providers ended the first quarter with $63.0 billion of commitments on their books, a slight decline from yearend and a gain compared to March 2017, but the numbers mask some of the pain being felt in the sector. [Includes one data chart.]
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Capital One Selling $17.0 Billion Loan Portfolio to Subsidiary of Credit Suisse, Which Will Sell to PIMCO

May 9, 2018
Brandon Ivey
As of the end of March, Capital One handled a $25.78 billion servicing portfolio, making the firm the 49th largest servicer, according to Inside Mortgage Finance.
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Retail, Mortgage Brokers Dominate in Expanded-Credit Lending

May 8, 2018
Brandon Ivey
MBS from Angel Oak Companies had the highest share of broker originations…
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Ginnie Mae Reinstates Nations Lending Following Talks on Loan Churning

May 8, 2018
George Brooks
Nations Lending was reinstated by Ginnie Mae after reaching a confidential agreement…
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Another Quarter and More Red Ink for PHH Corp.

May 8, 2018
Paul Muolo
PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."
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Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count

May 8, 2018
Brandon Ivey and Paul Muolo
It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...
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New Residential Hires Fortress Executive David Schneider as New CAO

May 8, 2018
Paul Muolo
Fortress also controls roughly 500,000 shares of New Residential's common stock and holds options on 18.1 million shares.
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Redwood Posts a Handsome Profit for 1Q18, Reports Strong Demand for Jumbos

May 8, 2018
Brandon Ivey
Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…
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Latest Imf News

  • Rocket Tops Agency Servicers With Mr. Cooper Acquisition

  • MBA Economist Still Sees Interest Rates Staying Above 6.0%

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More Imf News

Featured Data

  • Correspondents Gain Market Share in Government Lending

  • Solid 4Q Carries 2025 MBS/ABS to $2 Trillion

  • Agency Refi Market Rises to Three-Year High in 2025

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More Featured Data

Featured Reports

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More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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