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
Black Knight, In Bid for Merger Approval, Agrees to Divest Certain Businesses March 7, 2023 Sam Manas CHLA said it sees no movement on some of the key consumer issues of the deal...Read More
Goldman Readies Non-QM MBS with Loans from CrossCountry March 3, 2023 Brandon Ivey Goldman has only issued a handful of expanded-credit MBS, the most recent coming about a year ago.Read More
Commingle Activity Remains Limited in Second-Level MBS from GSEs March 2, 2023 John Bancroft FHFA's plans to reduce the fee on commingled securities from the GSEs followed another quarter with limited commingling.Read More
Ginnie Promotes Valverde, Seeks New COO March 2, 2023 Monica Hogan Ginnie promoted Sam Valverde to principal executive vice president and is seeking a new executive vice president and chief operating officer to replace him.Read More
Few Signs of Improvements on Profitability for Lenders March 2, 2023 Paul Muolo “Profits? What’s that,” one veteran warehouse executive asked, in jest.Read More
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