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AHMSI enters correspondent lending, changes name to Homeward Residential

WL Ross & Co.-owned mortgage servicer American Home Mortgage Servicing Inc. is changing its name to Homeward Residential. The moves reflects the decision of AHMSI to enter into the correspondent lending market.

The servicing shop opened its correspondent and warehouse lending operations in October of 2011 and has expanded its business to assist clients with loan closing services, REO management, home valuation, special servicing, subservicing and asset management consulting.

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SEC claims Angel Oak Capital Advisors deceived investors HW+

Angel Oak Capital Advisors, the investment management arm of non-QM lender Angel Oak Cos., has agreed to pay $1.75 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC) alleging that the company mislead investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans.

3d rendering of a row of luxury townhouses along a street

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