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
Kroll Holds Lead in MBS Ratings, S&P Ups ABS Share September 23, 2022 John Bancroft Kroll held onto the top spot in rating non-agency MBS despite a 50.8% decline in quarterly volume.Read More
KBRA: Non-Agency MBS Investors Protected From Failing Lenders September 21, 2022 Brandon Ivey KBRA says the residential MBS market has many features that reduce the correlation between lender failure and future loan performance...Read More
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