The tough origination market is resulting in additional disclosures by lenders trimming their borrowing facilities. Meanwhile, the FHA reverse lending space looks solid, at least for now.
A nonbank can only hold underwater non-QMs for so long until a decision needs to be made. In the case of Angel Oak, it decided to sell roughly $350 million of product at a steep discount of 83 cents on the dollar.
Investors are being quite choosy these days when it comes to debt service coverage loans. But perhaps that's a buying opportunity for those with a strong stomach.
Silvergate Bank has been in the news because of its crypto-finance-related business. But the depository is now in the process of trying to quietly pull out of warehouse lending. What’s going on? The bank isn’t talking.
Most subservicing specialists have experienced tepid growth the past few quarters. The reason? A red-hot bulk sales market is one possibility. Meanwhile, a few top-ranked vendors are about to have new owners. (Includes data chart.)