Angel Oak raises nearly $300 million to invest in non-QM lending | 2018-01-04

It appears that private capital’s interest in mortgages that don’t fit into the Qualified Mortgage box is growing. Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, announced this week that it raised nearly $300 million to invest in non-QM lending. Specifically, the company raised $291 million in capital commitments for…

Caliber Home Loans launches app suite | 2018-03-12

On Monday, Caliber Home Loans announced the launch of a new mobile platform. The platform features three mobile phone apps customized for its three user groups – borrowers, Caliber’s sales force and business associates. The apps enable its user groups to receive real-time information. Caliber processes data from all three apps on the back end, which…

Wells Fargo pays $3.25 billion in Q4 for mortgage regulatory investigations, sales practices | 2018-01-12

2017 has been quite a year for Wells Fargo, as it continued to face fallout from its massive fake accounts scandal. Several states, including California, Ohio and New Mexico, rose up against the bank, banning it from doing business with their governments. But the fake accounts scandal wasn’t the only malpractice discovered at the bank.…

Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments | 2018-03-23

Hackers are posing mortgage and title insurance company employees in order to steal the down payments of homebuyers in one of the wealthiest cities in the country. Police in Southlake, Texas, a suburb of the Dallas/Ft. Worth Metroplex and the fourth wealthiest city in the U.S., based on data from the Census Bureau, issued a…

Immigration impasse may shut down federal government | 2018-01-16

The current government spending bill expires at midnight on Saturday so Congress must reach a deal to extend government funding past Friday. If they don’t, parts of the government will shut down. And, here's how markets analysts are reacting right now. Over the weekend, President Donald Trump signaled that Democrats are not working with Republican demands in order to…

New home sales continue to slip in 2018 | 2018-03-23

After plummeting in January, new home sales fell slightly lower in February, however, they still remained slightly above last year’s pace, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Sales of new single-family homes decreased in February to a seasonally adjusted annual rate of 618,000, the report…