Mortgage rates were a bit hesitant to follow the bond market’s advice yesterday. Specifically, bonds rallied (i.e. bond prices moved higher and yields/rates moved lower). This almost always coincides with mortgage rates falling by a proportional amount. But yesterday didn’t see the typical level of correlation for many lenders. Today is a different story. The […]
Mortgage Rates Lowest in Over 2 Weeks Read More »
The government-backed Home Equity Conversion Mortgage is seeing proprietary products noticeably eat into its share of the reverse lending market, with the latter now providing much of the business momentum, according to new analysis. Processing Content Both HECM endorsements and secondary market issuances contracted on a year-over-year basis in July. New endorsements declined to 2,034,
Proprietary reverse loans overtake HECMs for 54% market share Read More »
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 »