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Coming Up:
Fitch Assigns Expected Ratings To Angel Oak Non-QM Offering
The certificates are supported by 747 loans with a balance of $394.59 million; of the loans, 66.4% are designated as Non-QM.
Advisors Mortgage Group Increases Jersey Shore Presence
New branch will be managed by Elena DeAnnuntis.
Reverse Mortgage Industry Sees April Drop In Loans
Decline comes after previous month’s 10-year high
First American Financial Hits The Mother Lode
Completing acquisition of Mother Lode Holding Co. expands First American’s footprint in 11 states.
Fannie Mae’s 1Q Earnings Fall; Officials Fear ‘Modest Recession’
Reported net income of $4.4 billion in the first quarter, down 15% from fourth quarter of 2022 and down 12% from first quarter of last year.
Fed Expected To Raise Rate By Half Percentage Point
Federal Reserve chairman Jerome Powell hinted at the likely increase in an April appearance.
Median Sales Price Of Single-Family Existing Homes Hits $368K
Rising mortgage rates, dwindling supply don’t cool existing home sale prices.
Daniel Fleishman Joins RiskSpan's MSR Team
Industry veteran had worked for BlackRock, Federal Reserve Bank of New York.
FHA Loan Review System Back Online
The system was shut down several weeks ago while efforts were made to resolve various document errors