Slow Growth for Subprime Servicers but Growth Nonetheless December 13, 2022 Namrata Bhatia Among the top 10 players in the sector, seven increased their nonprime portfolios from the second to the third quarter.Read More
Expanded-Credit Lending Tries to Regroup in a Topsy-Turvey 3Q22 December 12, 2022 John Bancroft The top three ECM originators through the first nine months of 2022: Citibank, Angel Oak Lending and Guaranteed Rate...Read More
Rising Rates Slam Jumbo Market in 3Q22 December 8, 2022 Paul Muolo The top three agency sellers of high-balance loans: UWM, Rocket Mortgage and PennyMac Financial...Read More
Who Bought Angel Oak's Non-QM Loans? An Investor Based in Atlanta... December 2, 2022 Paul Muolo The loans sold for 83 cents on the dollar. Par is 100...Read More
FDIC-Insured Crypto Lender Pulls the Plug on Warehouse Finance December 1, 2022 Paul Muolo Sources told Inside Mortgage Finance that Silvergate is transferring its warehouse business to another bank...Read More
Credit Problems on Private-Money Loans? Not Yet November 30, 2022 Paul Muolo At Sept. 30, FCI subserviced $16.9 billion of loans for others.Read More
A Contrarian Idea: Commercial Lender Enters the Non-QM Arena November 30, 2022 Namrata Bhatia Stronghill will focus on non-QMs, non-agency jumbos and loans for investment purposes.Read More
Non-Agency Jumbo Lending Takes a Market Share Hit November 29, 2022 Namrata Bhatia Near the end of the third quarter, the average interest rate on a 30-year fixed-rate jumbo was 6.384%...Read More
Angel Oak Sells Underwater Non-QMs for 83 Cents on the Dollar November 28, 2022 Paul Muolo The information was contained in 8-K filed just before the Thanksgiving holiday.Read More
JPMorgan Readies First DSCR MBS. 20% of the Collateral Comes from Sprout November 28, 2022 Namrata Bhatia The DSCR security from JPM is secured by 980 loans...Read More
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