Social Finance, a former fintech darling, has been through the ringer of late: cofounder, CEO and “brain” Michael Cagney resigned midmonth amid sexual harassment allegations and other top executives have departed as well, raising questions about the company’s direction – and future. SoFi, as it’s known, was a “disruptor” of sorts in the financial services arena, refinancing student loans made to millennials at cheaper rates and then securitizing the paper. Over the past 18 months, the privately held startup has been...

The biggest challenge for the vibrant single-family rental market may be the shortage of available homes to purchase, according to panelists speaking at an Urban Institute event highlighting institutional investment in SFRs this week. And one analyst pointed to mid-sized investors as being best positioned to profit from the market. Since the financial crisis, SFRs have emerged as a viable housing option and real estate investment firms are seizing the opportunity. Both mom-and-pop operators and institutional investors have been buying homes of all sizes and offering them as rental properties. Prior to the crisis, there were...

“Expectations have had to be reset post-election,” said Ryan Schoen, a senior financial services analyst at Washington Analysis.

The easing of underwriting standards was most dramatic for loans eligible for sale to Fannie Mae and Freddie Mac…

CBO suggests seven options to reduce risk in FHA coverage, including insuring less of the loan amount...

S&P rated $69.54 billion of ABS issued in the first half of the year, roughly 60.1 percent of total issuance by dollar volume.

For several months now we’ve been hearing reports that the Trump administration has grave concerns about the FHA program...

Originations of nonprime mortgages in 2017 are the strongest they have been since the financial crisis but remain well below levels seen before then. Lenders are looking to lean on loan originators and borrowers in an effort to increase volume. Angel Oak Companies is on track to originate more than $1.1 billion of non-qualified mortgages this year, according to the firm. The nonbank has three lending units that largely focus on nonprime mortgages and the $1.1 billion in production will be a company record. “Clearly, investors, brokers and consumers are...

In the second quarter, the top three HEL originators were Bank of America, Chase and Wells Fargo, according to a new ranking from Inside Mortgage Finance…

UWM isn’t alone among the optimists, but its closest brethren in the “feeling good” club are nonprime/non-QM lenders such as Angel Oak, Citadel and Caliber…