Angel Oak Mortgage REIT reported that it is improving its capital position and financial results with moves aimed at putting itself in a better position to prudently acquire more new loans. Processing Content The real estate investment trust, which is primarily a securitization vehicle for other Angel Oak lending units, recovered from first quarter and […]
Angel Oak repositions capital for careful non-QM competition Read More »
Prices of existing homes rose in 80% of US metropolitan areas in the second quarter, as home values pick up pace after several months of weakness. Processing Content The figure is up from 71% that saw year-over-year increases in the first quarter, National Association of Realtors data released Tuesday showed. By region, the Northeast —
Home prices pick up in 80% of US metro areas, led by Northeast Read More »
The government has lost another bid to prematurely end a multimillion dollar redlining consent order against a bank. Processing Content The Trump administration had sought to terminate a five-year deal reached in 2022 with the New Jersey-based Lakeland Bank. A federal judge last Friday ruled the depository, now owned by Provident Bank, must continue its
Feds lose bid to terminate Lakeland Bank’s Biden-era redlining deal Read More »