It appears the Trump White House is once again seriously considering Pam Patenaude to be the deputy HUD secretary...

PHH Mortgage, which is restructuring its operations, was the top ranked interest-only lender in 2016…

Angel Oak employs 52 wholesale account executives and hopes to add three to four additional ones a month.

A former Utah appraiser said she lost her job to AVMs and now drives a bus for $40,000 a year...

Just two firms – Redwood Trust and JPMorgan Chase – continued to dominate jumbo issuance in the first quarter…

Deephaven operates solely as a secondary market buyer of whole loans...

Angel Oak competitor Citadel Servicing Corp., Irvine, CA, is planning to come to market with its first deal, a rated security that could top $160 million…

Originations of interest-only mortgages increased in 2016 compared with the previous year, based on volume from 12 lenders tracked by Inside Nonconforming Markets. The group originated $40.52 billion in IOs during the year, a 36.5 percent increase from the previous year. All but one of the lenders increased their IO production compared with 2015, with many posting gains higher than 50.0 percent. IOs can’t receive qualified-mortgage status ... [Includes one data chart]

The mortgages backing the new nonprime MBS from Shelter Growth have a weighted-average interest rate of 6.11 percent.

Although agency mortgage lenders are having a challenging start this year, nonprime lenders are seeing volumes increase more than anticipated and are shaping up plans to bring new MBS to market. Angel Oak Mortgage Solutions, Atlanta, and its retail affiliate Angel Oak Home Loans ended the first quarter with just over $220.9 million of mostly non-agency mortgage production. An official at the company described the first quarter as “shaping up well.” The official told...