Items Tagged with 'correspondent lending channel'


  • Angel Oak plots expansion in non-QM correspondent lending

    Brings on four new executives to lead growth effort
    Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last several years. And now, the company is set to grow again. Angel Oak announced this week that it is planning an expansion of its correspondent lending channel.
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  • FBR: We're bullish on Flagstar-Stearns Lending correspondent lending deal

    Could be the first in line of acquisitions for Flagstar
    After announcing late Monday that it intends to acquire Stearns Lending’s delegated correspondent lending business, Flagstar Bancorp is positioned to grow its already sizable footprint in the mortgage business, FBR & Co. analysts said in a note to clients. Here's their take on the deal.
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  • Stearns Lending sells delegated correspondent lending business to Flagstar

    Deal will make Flagstar 4th largest correspondent loan originator
    Flagstar Bancorp is about to grow its correspondent lending business, as the bank announced Monday that it plans to acquire Stearns Lending’s delegated correspondent lending business. Upon the completion of the deal, Flagstar will become the 4th largest correspondent loan originator in the country, the bank said.
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  • BOK Financial exits correspondent lending

    Effective Dec. 31, 2016
    Not too long ago, BOK Financial announced several expansions in the correspondent space. Today the company said it plans to shut down its correspondent lending channel after an evaluation of the lender's business and current market conditions. Here's what changed for the company.
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  • Stonegate just grew warehouse lending by 888%

    No, that’s not a typo
    Stonegate Mortgage Corporation reported an incredible 888% year-over-year increase in its warehouse lending in the fourth quarter, rising from $47.8 million in 2013 to $472.4 million in 2014. But it still wasn't enough to help Stonegate turn a profit in 2014.
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