According to one document we saw, Velocity has a post-IPO valuation ranging from $266 million to $304 million.

As we reported a few weeks ago: Angel Oak Mortgage Solutions, a third-party non-QM lender, anticipates boosting loan originations by 66% next year to $5 billion…

The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.

Sprout was launched last decade by nonprime veteran Michael Strauss...

Overall, 7.25 million shares of Velocity will be offered to the public.

The bureau could grant a short-term extension of the QM patch pending the rulemaking.

The non-QM lender is now offering bridge loans with amounts of up to $3.0 million.

Redwood also revealed deferred stock units/awards to its five most senior executives. Abate will take home $1.875 million in DSUs, Robinson, $2.25 million.

Mortgages in the pending deal have seasoned for an average of more than four years. The collateral has no delinquencies...

“They’re buying loans, not originating,” said Gordon Albrecht, EVP of FCI Lender Services, the nation's largest hard-money subservicer.