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Fannie, Freddie both pass 2022 stress test despite misalignment on risk rating

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion,.. Read More;

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Celebrity Home Loans drops correspondent business

National Mortgage
Mortgage Finance
3 years ago

Celebrity Home Loans has closed its correspondent mortgage channel, according to published reports and a LinkedIn post from a company,.. Read More;

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Mortgage rates surge again, jumping above 5%

National Mortgage
Mortgage Finance
3 years ago

In one of the most unpredictable periods for mortgage rates in recent history, the 30-year average took a 23 basis-point,.. Read More;

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Even adds FTB products to Twenty7tec platform

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The lender, founded last year, offers interest-free equity loans that boost FTB budgets by up to £100,000, or two times,.. Read More;

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OSB Group profit jumps 21% to

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The firm says gross new lending was down 7% to £2.3bn in the six months to the end of June,.. Read More;

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Duty of care is an operational issue

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Ahmed MichlaHead of Business Development – UK&IOhpen It doesn’t matter where you turn, change in the way Financial Services operates is,.. Read More;

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Number of homeowner mortgages in arrears reduces 10% on last year: UK Finance

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The data found that the number of homeowner mortgages in arrears continues to fall, with a reduction of approximately 200,.. Read More;

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New buyer enquiries fall for longest period since pandemic: Rics

Mortgage Finance Gazette
Mortgage Finance
3 years ago

A net balance of -25% of survey participants reported falling new enquiries last month compared to -27 in June, “which,.. Read More;

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Angel Oak Capital fined for misleading investors

National Mortgage
Mortgage Finance
3 years ago

The Securities and Exchange Commission has fined Angel Oak Capital Advisors $1.75 million, and its portfolio manager, Ashish Negandhi $75,000,.. Read More;

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LoanDepot cutting wholesale channel in profitability push

National Mortgage
Mortgage Finance
3 years ago

LoanDepot leaders said they believe the company will achieve profitability by the end of the year, after revealing a big,.. Read More;

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Angel Oak posts 2Q loss due to non-QM market uncertainty

National Mortgage
Mortgage Finance
3 years ago

Real estate investment trust Angel Oak Mortgage recorded its second consecutive quarterly loss as continued economic upheaval affected its operations.Angel,.. Read More;

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Income verification fintech raises $50 million for expansion

National Mortgage
Mortgage Finance
3 years ago

Truework, an income and employment verification firm that works with Fairway Independent Mortgage, Guaranteed Rate and loanDepot and other influential,.. Read More;

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