- Redwood Trust, Angel Oak Mortgage awash in red ink in Q2 HW+ 1 hour ago
- Homepoint takes $44M loss in Q2 amid price war HW+ 5 hours ago
- FHFA: GSE servicers must keep fair lending data HW+ 5 hours ago
- Truework, a fintech that provides income and employment verification, raises $50M￼ HW+ 6 hours ago
- Purchase mortgage rates are back above 5% HW+ 8 hours ago
- This app lets homeowners generate floor plans of their homes for free HW+ 3 days ago
- UWM posts stronger profits than Rocket in Q2 2022 HW+ 2 days ago
- Expect a foreclosure spike in the coming months HW+ 1 week ago
- Sixth recession red flag raised, despite strong jobs report HW+ 6 days ago
- There’s more blood on the tracks in the non-QM market HW+ 2 days ago
On the heels of a $223M loss in Q2, loanDepot reported that it has been forced to amend or obtain waivers of “profitability related to financial covenants” for certain of its warehouse lines of credit.
The problem with new listings declining now is what will happen if mortgage rates make a solid push lower.
Truework raised $50 million in Series C funding to develop products that will advance digitizing the verification process for banks and lenders.
Non-QM lenders have been going through a turbulent time in the past few months. HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022.
It didn’t happen overnight, but we’re now seeing a title industry that seems to be embracing digitalization and automation.