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Non-QM
Coming Up:
KBRA Assigns Preliminary Ratings To Non-QM Offering VERUS 2022-7
Approximately 60% of the loans pooled in the $489.8 million non-prime RMBS transaction are categorized as Non-QM.
Angel Oak Opens 5 New Offices In Carolinas, California
Locations include three in South Carolina and one each in North Carolina and California.
KBRA Assigns Preliminary Ratings To Non-QM Offering EFMT 2022-3
In the nearly $346 million RMBS transaction, 58% of the loans are categorized as Non-QM.
Non-QM Lenders Could Face Serious Headwinds
Major warehouse lender placing restrictions on funding advances.
Fitch Issues Final Ratings On Non-QM Offering NRMLT 2022-NQM4
The notes are supported by 527 newly originated loans that have a balance of $272.4 million; 69.4% of the loans in the pool are designated as Non-QM,
Former Employees Sue Sprout Over Unpaid Wages
Lawsuit seeking class action status names Sprout, CEO, and affiliate Recovco Mortgage Management as defendants.
Insider: Sprout CEO Canceled Financing Deal, Ordered Company Closed
Michael Strauss abruptly ended negotiations with Citibank on financing that might have kept Sprout open.
Sprout Mortgage: 'The Faucet Just Got Turned Off'
Non-QM lender was doing $380M/month in loan volume, former executive says.
Angel Oak Home Loans Opens 4 New Branches Across 3 States
Continues westward expansion as company grows to 47 branches.
KBRA Assigns Preliminary Ratings To Non-QM Offering OBX 2022-NQM6
The $387.9 million non-prime RMBS transaction is characterized by a notable concentration of alternative income documentation (87.7%).