You can bet that President Trump will tweet something out about the FOMC decision shortly after it happens…

A few months back, the firm raised $23 million by selling notes due in 2024. The unsecured, unsubordinated paper pays a yield of 7.125%. Sachem has received an investment grade private rating of BBB+ from Egan-Jones Co.

In general, New Residential Investment Corp. does not look at portfolios of less than $5 billion in size, according to market watchers...

Stearns Lending founder Glenn Stearns will star in a reality TV series called “Undercover Billionaire,” premiering August 6. Stearns will be dropped off in a U.S. city (Erie, PA) with $100 in his pocket. The goal: to create a million-dollar enterprise from scratch in 90 days…

According to calculations made by Inside Mortgage Finance, the patch currently accounts for as much as 30% of single-family mortgages purchased by Fannie Mae and Freddie Mac. 

Steve Harris of MIAC Capital Markets: “I guess this means less risk for the agencies and perhaps more for the private sector."

The presale report notes income on 47.5% of the loans was verified using “alternative methods,” which means personal or business bank statements.