Rithm Capital predicts return of originations profits in early 2023
The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.
Correspondent
Is the mortgage market really opening up for non-QM borrowers?
The coronavirus made it particularly tough for independent contractors and independent business owners to get home mortgages, but there are some signs that market may recover soon.
Correspondent lenders watch closely as GSEs buy loans with forbearance
Correspondent loan sellers are hoping the new GSE purchases will help to open a market frozen by coronavirus-related risk — but the prices offered so far aren't too promising.
Education needed to boost non-QM lending even with patch’s end
The end of the qualified mortgage patch should further accelerate non-QM origination growth, but is the mortgage industry ready?
Angel Oak adds non-QM prequal tool for third-party originators
Angel Oak is now offering mortgage brokers and correspondent loan sellers a prequalification tool to determine borrower eligibility for non-qualified mortgages.
Ocwen: Profitability may still be a year away
Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability.
Prepping for a securitization, Impac boosts non-QM originations
Impac Mortgage Holdings' nonqualified mortgage origination volume increased 248% year-over-year in the third quarter as the company accumulates loans for a planned securitization next year.
AIG lays the groundwork for jumbo securitization
American International Group Inc. could securitize through a unit it has previously used to buy jumbo loans.
