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Angel Oak posts third consecutive quarterly loss amid non-QM headwinds

National Mortgage
Mortgage Finance
3 years ago

Real estate investment trust Angel Oak Mortgage reported a third-straight quarterly loss as a turbulent non-QM environment raises industry-wide concerns,.. Read More;

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Better.com laid off workers on parental leave, suit claims

National Mortgage
Mortgage Finance
3 years ago

A former director at Better is suing the lender for allegedly laying him off less than one hour after requesting,.. Read More;

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Fannie Mae reports earnings drop as home prices cool

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae on Tuesday reported new housing-related challenges roughly halved its net income in the third quarter.The government-sponsored enterprise reported,.. Read More;

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Mortgage insurance earnings were strong in 3Q, even as business shrank

National Mortgage
Mortgage Finance
3 years ago

The six active underwriters wrote 14% less business compared with the second quarter and 30% from one year prior.,.. Read More;

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Freddie Mac earnings slip due to credit provision

National Mortgage
Mortgage Finance
3 years ago

Freddie Mac's third quarter earnings slipped 55% compared with the previous year as the company elected to take a $1.8,.. Read More;

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Gen H cuts 2-year residential rates by 8bps

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The fintech lender says its new two-year rates have fallen by 8 basis points to 5.42%, with a £999 fee,,.. Read More;

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United Trust Bank appoints Sivanesan as intermediary property finance director

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Industry veteran Sivanesan will focus on deepening relationships with intermediaries serving small housebuilder, developer and property investor clients across England,.. Read More;

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Blog: Things are looking up for housing

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Sitting here a month later, despite significant political turmoil in the last four weeks, progress has been made. The markets,.. Read More;

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Over-50s feel excluded from home loan market: LiveMore

Mortgage Finance Gazette
Mortgage Finance
3 years ago

These fears show that “age discrimination in financial services needs to be addressed”, says the later life lender in a,.. Read More;

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Industry unconvinced by mooted changes to property risk scores: Lenders Live

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Last week, Zoopla’s executive director Richard Donnell said lenders need to innovate to stay ahead by implementing new ideas such,.. Read More;

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Canada Life exits onshore individual protection market

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The financial services giant says the move comes after a review of its onshore individual protection range, adding it will,.. Read More;

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Minority homeownership jumped last year, but challenges lie ahead

National Mortgage
Mortgage Finance
3 years ago

Minority homeownership rates jumped sharply last year as low interest rates combined with stimulus payments and high rental costs spurred,.. Read More;

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