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Altisource Asset Tries Its Hand at Alternative Mortgages, Crypto

March 21, 2022
Brandon Ivey
Altisource Asset Management received an initial equity capital commitment from an unidentified source of up to $40 million for the mortgage effort.
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Bill Dallas Departs Finance of America as Management Reorg Commences

March 18, 2022
Paul Muolo
FoA went public via a special purpose acquisition company maneuver in April 2021...
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The Decline in Home Equity Lending Continues Unabated

March 17, 2022
Dennis Hollier
There's been scattered talk that some nonbanks might soon launch second-lien products...
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A Huge Non-QM MBS From ICP

March 17, 2022
Brandon Ivey
In general, non-QM lenders are expecting strong originations in 2022 but...
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Wholesale Giant UWM Branches Out Into Bank Statement Loans

March 16, 2022
Brandon Ivey and Paul Muolo
UWM first dipped a toe into the non-QM market in December 2021, launching an interest-only offering...
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Lower Profits for Angel Oak's REIT. Reason: Higher Rates

March 16, 2022
Brandon Ivey
For the full year, the REIT's profit totaled $21.1 million. Its assets increased to $2.57 billion at Dec. 31, compared to just $509.6 million at yearend 2020.
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Secondary Market Demand In Flux for Non-QMs

March 15, 2022
Brandon Ivey and Paul Muolo
What caused the recent glut in non-QM paper? Supply and demand...
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As Refinances Ebb, Originators Turn to New and Little-Used Products

March 14, 2022
Brandon Ivey
Mountain America recently launched a one-time-close loan, which can be used for home construction or renovations.
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PE Firm Hungry to Consolidate Fix-and-Flip Lenders

March 11, 2022
Paul Muolo
Mark Filler: “We’d like to buy at least a half-dozen mid-sized lenders and consolidate them.”
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A Strong 4Q for Non-Agency Lender Velocity Financial

March 11, 2022
Brandon Ivey
Velocity sources its production through mortgage brokers.
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