Angel Oak Mortgage REIT issues $285M non-QM securitization
Angel Oak Mortgage REIT issued a $284.5 million non-QM securitization, marking what the company marks an “inflection point” in its business. The company said it intends to use the capital to purchase more newly originated, high-coupon debt while continuing to manage liquidity. The securitization will reduce Angel Oak’s overall debt warehouse debt by 45.6% through […]
5 best US housing markets for investors (and 5 best for affordability)
Top US housing markets for affordability With housing prices rising rapidly, many buyers are struggling to secure affordable properties. Due to rapid price appreciation, prices may rise rapidly and become out of reach of the buyer. This is especially true for first time home buyers looking for affordability. Using Realtor.com data, trusted sources like CNBC […]
How the implementation of AI could impact the mortgage industry
“Once the data is identified, the system can run a series of automated comparison checks or rules,” said Jennifer Fortier, principal at Stratmore. Automated comparison checks could help solve one of the biggest issues in mortgage banking: a lack of trust in the data provided by borrowers and lenders. Senior Garth Graham says, “We spend […]
What is Jumbo Loans in South Carolina 2023?
For many individuals and families, owning a home is the dream of a lifetime. However, with rising real estate prices, some may find themselves looking for financing in excess of the conforming loan limit. In this instance, you would have to apply for a jumbo loan. What is Jumbo Loan? In South Carolina, a jumbo […]
Pending home sales declined 2.7% in May, though demand remains strong
Pending home sales fell again by 2.7% in May, after remaining steady month-on-month in April, according to data released on Thursday. National Association of Realtors (NAR). Year-to-date, pending home sales declined by 22.2%, a major decrease from the 20.3% annual decline recorded in April. The NAR’s Pending Home Sales Index fell to 76.5 in May. […]
LoanDepo Sues The Movement for Poaching of LOZ
A representative for the movement did not respond to a request for comments. A spokesperson for LendingDepo said, “Inducing individuals to violate contractual restrictions against employee solicitation and misuse of confidential information to steal business and customer relationships crosses the line of unfair competition, and we will protect our interests.” Will continue to vigorously defend.” […]
This Single Document Could Save You Hundreds of Hours and Dollars—Are You Using It?
in this article This article was submitted by Kiawi. Read our Editorial Guidelines for more information. An important but often overlooked piece of the real estate investing puzzle is preparing a comprehensive and detailed Statement of Work (SOW). Whether you are a seasoned or novice investor, you can make significant profits from this powerful tool. […]
Fannie Mae warns Northern CA mortgage lenders about child support income scheme
fannie mae has issued a mortgage fraud alert to lenders in Northern California, warning of an increased incidence of misrepresenting child support income in “many loans” that have originated in the region over the past few months. GSE highlighted four features of such a plan. These include, “the equality of real estate agents involved in […]
What are Jumbo Loans in Utah 2023?
For many individuals and families, owning a home is the dream of a lifetime. However, with rising real estate prices, some may find themselves looking for financing in excess of the conforming loan limit. right here jumbo loan come into play. What is Jumbo Loan? Jumbo loans in Utah are a type of mortgage used […]
You Could Save Thousands by Moving to Miami, But It’s Not All Roses—Here’s What You Need to Know
in this article For high-income earners earning between $150,000 and $650,000 a year, moving from New York City to Miami offers an opportunity to save thousands through a lower effective tax rate and reduced cost of living, according to SmartAsset. . Study, San Francisco residents can get similar savings by relocating to Miami. It’s not […]
