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Shellpoint Loses Some Share in Non-Agency MBS Servicing

August 17, 2023
James Dohnert
Shellpoint handled servicing on $3.10 billion in non-agency MBS issued in the second quarter of this year, a 33.2% decline from the previous quarter.
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Change Moves Faster with Latest MBS

August 17, 2023
James Dohnert
Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.
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UBS Settles with DOJ on Pre-2008 Claims

August 15, 2023
Brandon Ivey
The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.
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Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management?

August 15, 2023
Brandon Ivey
Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...
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A Commanding NA MBS Market Share for UWM

August 14, 2023
James Dohnert
Among the top 10 contributors to such securities, just one was a federally insured depository: PrimeLending.
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Short Takes: Elevated Interest Rates for FHA / Loss for FoA / WAMC Goes with AGMIT

August 9, 2023
Brandon Ivey
Interest rates on FHA mortgages are at levels last seen in 2002.
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Angel Oak's REIT Takes Loss in Second Quarter

August 8, 2023
James Dohnert
Angel Oak's REIT posted a $3.6 million loss after reporting a small profit to start the year.
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New Jersey-Based MH Lender Slated for Sale

August 7, 2023
Paul Muolo
AFR's CEO is Richard Dubnoff, its founder Corey Dubnoff...
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AGMIT Reports 2Q Earnings Amid WAMC Acquisition Talks

August 7, 2023
James Dohnert
As AGMIT continues its talks to acquire WAMC, the company reported a modest profit for the second quarter...
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Velocity Stays Profitable as Loan Portfolio Grows

August 4, 2023
James Dohnert
Business-purpose lender, Velocity Financial, grew its loan production by 19.2% in the second quarter of this year.
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