Angel Oak is well-positioned in the private residential mortgage market given the firm’s expertise in non-agency mortgage credit and its vertical integration with its affiliated mortgage companies. The firm manages more than $3.5 billion in residential mortgage credit (loans and securities), and has securitized $850 million in Non-QM loans since 2015. Additionally, its affiliated mortgage companies originated $1 billion-plus in Non-QM loans in 2017.Many prospective refinancers carry mortgage rates above 5%, suggesting demand could accelerate if borrowing costs decline
One-third of homeowners say they are either currently refinancing or likely to refinance within the next two years, despite mortgage rates remaining well above pandemic-era lows, according to new survey data released by Refi.com.The findings challenge a common industry narra...
MSR-focused REIT says it will continue regular dividends through closing as the proposed sale advances following UWM's decision not to submit a revised bid
Two Harbors Investment Corp. used its latest dividend announcement to reaffirm expectations that its pending sale to CrossCountry Mortgage remains on track for an August closing.The mortgage servicing rights (MSR)-focused real estate investment trust said it plans to continu...
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