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Short Takes: UWM Sticking With 1 Subservicer / Angel Oak Sale Price / Housing Market Sentiment Improves / Cherry Hill Partners With Lender / LendingTree Rated by Fitch

August 8, 2025
Brandon Ivey
United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.
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Profits Decline Somewhat at MFA Financial in 2Q

August 6, 2025
Brandon Ivey
The real estate investment trust focuses on acquiring non-qualified mortgages and originating business-purpose loans.
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Income Drops at Chimera Investment in Second Quarter

August 6, 2025
Brandon Ivey
The firm plans to be a programmatic issuer of expanded-credit mortgage-backed securities following the acquisition of HomeXpress.
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Income Drops at Angel Oak REIT in Second Quarter

August 5, 2025
Abby Zimmardi
Angel Oak Mortgage REIT generated $767,000 of income during the second quarter of 2025.
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Short Takes: Blackstone Selling its Stake in Finance of America to FoA / Demand for Mortgages Declines / Santander Boosts Expanded-Credit MBS Issuance / Rithm to Acquire Home Improvement Loans

August 5, 2025
Brandon Ivey
FoA will fund the purchase of Blackstone's stake in the reverse-mortgage lender with a convertible debt facility.
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Short Takes: Rocket Plans Measured MSR Acquisitions / HELOC Securitization From Cerberus Affiliate / Annaly Plans $250 Million Debt Offering / Homeowners Insurance Costs

August 1, 2025
Brandon Ivey
“[The combined operations of Rocket and Mr. Cooper] allows us to be opportunistic and stick to really high expected return thresholds, that, if we can meet them, we’ll be active and we’ll bid at those levels and if we can’t, we don’t have to,” said Brian Brown, chief financial officer and treasurer at Rocket.
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Self-Employed Borrowers Helping to Fuel Expanded-Credit MBS

July 31, 2025
Abby Zimmardi
Expanded-credit MBS issuance with loans to self-employed borrowers increased by 45.3% during the second quarter.
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NYMT Pays Nearly $40 Million for Remaining 50% of BPL Lender

July 31, 2025
Brandon Ivey
Constructive has 165 employees and originated $840 million of loans in the first half of 2025.
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Short Takes: Trump Signs VA Partial Claims Bill / Pending Home Sales Slow / Impairments on Non-QMs Jump / Flyhomes Raises Funding

July 31, 2025
Brandon Ivey
“As we take the next steps to quickly and responsibly implement a VA partial claim program, we expect servicers to continue to offer Veterans a full array of loss mitigation options,” VA’s loan guaranty service said.
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Short Takes: Applications for Purchase Mortgages Slow / Seasonal Momentum ‘Weaker Than Usual’ / Motto Mortgage Branches Shuttering / First-Lien HELOC Securitization

July 30, 2025
Brandon Ivey
“There is still plenty of uncertainty surrounding the economy and job market, which is weighing on prospective homebuyers’ decisions,” said Joel Kan, a vice president and deputy chief economist at the MBA.
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