Angel Oak REIT Scales Back IPO Offering June 17, 2021 Brandon Ivey and Paul Muolo Originally, the Atlanta-based firm, hoped to sell 8.05 million shares of common at a range of $20.00 to $21.00 per unit.Read More
HUD Meets With Mega-Servicers to Discuss Loss-Mit Options. Suspend the MIP? June 17, 2021 Paul Muolo HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...Read More
Nonbanks Continue to Gain in MSRs, Feasting on Agency Product June 17, 2021 Paul Muolo A trend that's not going away: When it comes to owning MSRs, banks have other ideas...Read More
The Non-QM Drought is Over. Three Deals Hit the Market in a Single Day June 17, 2021 Brandon Ivey Feeding the non-QM MBS machine: affiliates of Angelo, Gordon & Co., Invictus Capital Partners and Shelter Growth Capital Partners...Read More
Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC June 17, 2021 Lisa Burden and Paul Muolo No Fed rate hikes until 2023? Sure, why not...Read More
Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal? June 16, 2021 Paul Muolo and Dennis Hollier A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...Read More
Loan Repurchases Spike Higher in Bank Mortgage Bank Units June 16, 2021 John Bancroft Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...Read More
GOS Margins Get Squeezed. The First Victim: TPOs June 16, 2021 Brandon Ivey Lending through third-party originators, particularly wholesalers, has experienced the most margin compression, according to Baron Silverstein of NewRez...Read More
Lenders: Risk-Retention Link Between QMs and QRMs Should Stay June 16, 2021 Brandon Ivey The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.Read More
Home Mortgages Playing a Larger Role at SoFi June 15, 2021 Brandon Ivey In 1Q21, the San Francisco-based SoFi originated $735.6 million of mortgages, accounting for 28.9% of total loans produced.Read More
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