NYDFS Changes Subprime Measurement Tool December 30, 2022 Namrata Bhatia The DFS said Freddie’s decision “disrupted the ability” of lenders to assess whether a loan is subprime...Read More
Jumbo Originations Were Not Spared in 3Q, All Channels Suffered December 29, 2022 Namrata Bhatia Jumbo lending through brokers plunged 52.0%...Read More
MBA Files Legal Brief in Favor of CA Fix-and-Flip Lender December 28, 2022 Namrata Bhatia In 2018, Nicholas and Sharon Honchariw took out a $5.6 million bridge loan from FJM, eventually defaulting on it...Read More
Western Alliance Taps the Non-QM CRT Well Once Again December 22, 2022 Namrata Bhatia As part of its latest risk-sharing effort, WAB sold tranches amounting to $95.0 million.Read More
Angel Oak Announces Changes to Repo Line Language December 21, 2022 Paul Muolo The 8-K suggests the deal buys Angel Oak more time as it copes with a turbulent market.Read More
A Real Head Scratcher: A Figure-Bank-Warehouse SPAC? December 16, 2022 Paul Muolo The combined entity would be public, allowing FAC’s investors to cash out.Read More
Hope Floats for the Non-QM Sector December 16, 2022 Namrata Bhatia The Deephaven executive believes the non-QM space will expand over the next three to five years...Read More
Angel Oak (the REIT) Standing Pat (for Now) December 14, 2022 Paul Muolo A spokesman for the REIT said that for the time being there are no plans to sell any whole loans...Read More
Slow Growth for Subprime Servicers but Growth Nonetheless December 13, 2022 Namrata Bhatia Among the top 10 players in the sector, seven increased their nonprime portfolios from the second to the third quarter.Read More
Expanded-Credit Lending Tries to Regroup in a Topsy-Turvey 3Q22 December 12, 2022 John Bancroft The top three ECM originators through the first nine months of 2022: Citibank, Angel Oak Lending and Guaranteed Rate...Read More
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