Nonprime REIT Angel Oak Mortgage is redoing some of its warehouse facilities, ending one line and increasing another. The goal: to buy time in a turbulent market.

AmeriFirst's servicing rights will go to a third party...

Bottom line: The readings are not bad and there are few signs of a “credit” problem in the servicing industry...

Why spend the money suing competitors? As a deterrent...

Interest rates have been falling of late, which is bolstering MBS values. Still, trading volume continues to decline as the year winds down.

Hard times have hit the lending side of the residential finance industry. And that may affect the wallets of some executive-owners.

A handful of company sales came to light this week, all involving nonbanks. The activity suggests the first quarter of 2023 could be a busy one for M&A.

It looks like Figure’s mortgage-warehouse-bank-related SPAC has hit the wall; PennyMac’s brain trust has new employment contracts.

The 8-K suggests the deal buys Angel Oak more time as it copes with a turbulent market.

FAC is headed by financial services fintech pioneer Mike Cagney...