Angel Oak Home Loans Selling Retail Lending Business
Non-QM lender selling ‘brick-and-mortar’ locations, staff to Cross Country Mortgage.
Non-QM lender selling ‘brick-and-mortar’ locations, staff to Cross Country Mortgage.
Dave Greene has 30 years of experience in the mortgage industry.
New CEO says he remains confident the company is uniquely positioned for success.
Co-CEO says company officials decided to 'bow out' like gentlemen.
Fitch Ratings also gave stable outlook as servicer revealed plans to expand into Non-QM loans.
The loan focuses on self-employed and investor clients seeking to build homes.
Investors aren’t interested in Non-QM backed securities, and it could slow down origination
Like refinancing a mortgage, redeeming a securitization affected by volatility of rates.
The loans were originated by Sprout Mortgage, Newfi Lending, and others.