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
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
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
REITs Rein in Agency MBS in 1Q21, But a Slight Uptick for Non-Agency June 11, 2021 John Bancroft However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.Read More
Student Loan Refis: A Market Residential Lenders Should Tap? June 11, 2021 Paul Muolo In an interview with Inside Mortgage Finance, CampusDoor Chief Executive Officer Steve Winnie declined to say exactly what the new rate might be, but offered up this ray of hope: “We’ll be competitive.”Read More
Agencies Lag Behind in 1Q21 Jumbo Mortgage Lending June 10, 2021 John Bancroft All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.Read More
Goldman to Issue $1.04 Billion Prime Non-Agency MBS June 10, 2021 Brandon Ivey Previously, the largest post-2010 prime non-agency MBS from Goldman was a $622.1 million deal issued in April.Read More
Angel Oak’s REIT Could Raise Close to $200 Million with IPO June 9, 2021 Brandon Ivey After a long slowdown tied to the pandemic, the Angel Oak family of companies is ramping up its originations of non-QMs...Read More
Denial Rates for FHA Loans Highest Among All Loan Types June 9, 2021 Lisa Burden Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.Read More
Correspondent Channel Gains Jumbo Market Share in 1Q21 June 9, 2021 Brandon Ivey The renewed emphasis on the correspondent channel was widespread, with nearly every lender in the group increasing originations on a sequential basis.Read More