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
More Red Ink for loanDepot, GOS Slips to 145 BPs March 9, 2023 Paul Muolo The Irvine, CA-based lender/servicer — like most originators — has been slashing staff and other costs...Read More
Short Takes: A GOS Improvement for Home Point / MSR Sale? / An Update From Impac / A Turn to Lead Gen March 9, 2023 Paul Muolo and Brandon Ivey Impac Mortgage is giving up its Fannie Mae/Freddie Mac seller-servicer designations...Read More
Short Takes: Escrow Chief Leaves HMPT / Reducing Costs at Rocket / An Increase in Business / So, What Do You Think of the Fed’s Moves? / Salary Survey March 8, 2023 Paul Muolo Is the Fed right or wrong?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
Trouble Expected in Implementing FICO 10T and VantageScore 4.0 March 7, 2023 Dennis Hollier Every single model that will use the new credit scores will have to refitted...Read More
FTHBs Catch a Bit of a Break, but DTIs Rise March 6, 2023 John Bancroft The average FTHB debt-to-income ratio rose to 40.6% in the fourth quarter...Read More
For Banks and Thrifts, a Downward Path for Mortgage Earnings March 6, 2023 Namrata Bhatia JPMorgan Chase made a sharp reversal into the black...Read More
Short Takes: The Cloud Over Silvergate / Wind Down? / Occupancy Fraud and Jumbos / The Lows, Maybe / Impac? March 6, 2023 Paul Muolo and Brandon Ivey Have nonbank mortgage stocks hit a low yet? Maybe some...Read More
Compensation for Rocket Interim CEO Emerson: $7.2 Million March 3, 2023 Paul Muolo Emerson has been with Rocket since 1993.Read More
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