Ambac’s Countrywide MBS Lawsuit Ends With $1.8 Billion Settlement October 10, 2022 Brandon Ivey The ghost of Countrywide rises once again. Overall, Ambac was seeking damages of more than $3.0 billion from BofA...Read More
Non-QM Demand Varies, Creating Profitability Hurdles October 7, 2022 Brandon Ivey “Activity has been increasing," said LoanNEX's Eloise Schmitz...Read More
Many Florida Properties in New Expanded-Credit MBS from Verus October 6, 2022 Brandon Ivey Nearly 16% of the properties in the EC MBS are in Florida...Read More
Non-QM REIT Lines Up New Borrowing Authority October 6, 2022 Paul Muolo The interest rate spread is 350 basis points over the one-month SOFR...Read More
Angel Oak Gets Line of Credit Extension October 3, 2022 Paul Muolo The facility was negotiated a few days ago through AOMI subsidiary Peachtree Mortgage....Read More
A Ray of Positive News: Home-Equity Originations Soar September 29, 2022 Andras Malatinszky Most junior-lien outstandings are parked on the balance sheets of federally insured depositories...Read More
Angel Oak REIT Appoints New CEO, Williams Departs September 29, 2022 Paul Muolo Morgan Stanley controls a large chunk of Angel Oak's shares...Read More
Balbec Affiliate Readies MBS With Loans From (Now-Deceased) Sprout September 29, 2022 Brandon Ivey It's likely Balbec paid well below par for the Sprout loans...Read More
Maxex Launches Non-QM Option as Turmoil Persists September 28, 2022 Brandon Ivey The firm will support sales of various types of non-QMs, including bulk and flow options.Read More
Trouble in the Fix-n-Flip Market? Not Yet… September 23, 2022 Paul Muolo The average gross profit on a fix-and-flip project in 2Q: $73,7000...Read More
RSS