Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
Parent of Sterling Bank Pleads Guilty to Charge Involving Non-QMs March 16, 2023 Brandon Ivey Sterling remains under investigation by the SEC but bank management doesn't believe it will result in an enforcement action...Read More
Non-QM Players Navigating a Volatile Secondary Market March 15, 2023 Brandon Ivey Ellington and other non-QM funders have emphasized having a diversity of borrowing sources...Read More
A Slight Increase for Nonprime Servicing Balances March 15, 2023 Brandon Ivey Credit Suisse’s Select Portfolio Servicing was the largest nonprime servicer, by far, at Dec. 31, with $141.0 billion...Read More
Jumbo Lender FRB Gets Assistance From the Fed, JPM; Stock Clocked March 13, 2023 Paul Muolo In 2022, FRB funded $31.6 billion in non-agency jumbos, an 8% gain from 2021...Read More
The Lone Origination Bright Spot for 2022: Expanded-Credit March 13, 2023 Brandon Ivey The top three expanded-credit lenders in 2022: Citibank, Angel Oak and Guaranteed Rate...Read More
BPL Remains Profitable for Velocity, Company Hints at Acquisitions March 10, 2023 Brandon Ivey The nonbank originates non-agency business-purpose loans and is considering M&A opportunities beyond the sector.Read More
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
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
Goldman Readies Non-QM MBS with Loans from CrossCountry March 3, 2023 Brandon Ivey Goldman has only issued a handful of expanded-credit MBS, the most recent coming about a year ago.Read More
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