The REIT issued its second securitization of the year in June, while also purchasing or locking $50 million in newly originated loans. https://www.nationalmortgagenews.com/news/angel-oak-reports-higher-cash-levels-but-a-quarterly-loss
NextGenMortgage
Spring EQ agrees to acquisition by alternative investment group
The provider of home-equity loan products will partner with Cerberus Residential Opportunities, an affiliate of the capital management firm, with CEO Jerry Schiano at the helm. https://www.nationalmortgagenews.com/news/spring-eq-agrees-to-acquisition-by-alternative-investment-group
Move over, office loans. Apartment lending is also feeling the pinch.
Rising interest rates are putting pressure on multifamily housing borrowers — especially lenders who got into multifamily lending looking for a quick return. https://www.nationalmortgagenews.com/news/move-over-office-loans-apartment-lending-is-also-feeling-the-pinch
Lower says team issued high-risk loans before AmCap poaching
A lawsuit accuses the group of trespassing, damaging office space and taking digital and physical property from their former employer after their departure. https://www.nationalmortgagenews.com/news/lower-says-team-issued-high-risk-loans-before-amcap-poaching
‘Nonbank SIFI designations would be ill-suited for servicers’
Housing finance organizations argue that these companies are relatively small, and allowing other agencies to be the first line of defense has worked. https://www.nationalmortgagenews.com/news/nonbank-sifi-designations-would-be-ill-suited-for-servicers