Angel Oak, founded in 2008, owns mortgage originator Angel Oak Mortgage Solutions (AOMC) and asset management arm Angel Oak Capital Advisors. AOMC, which tends to lend to self-employed borrowers, has originated north of $30 billion and has issued more than 60 bond securitizations over the past decade. “Their origination and investment capabilities will be a strong complement to…
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion. Source link
The filings, which include financial statements for @properties for the first nine months of 2024 and the entirety of 2023, show that the firm was profitable for much of its existence until its last quarterly fiscal report. @properties acquired Christie’s International Real Estate in 2021. In 2023, the company generated net income of $8.2 million,…
Wednesday is a key day for the direction of mortgage rates and the U.S. economy in general. That’s when a slew of Trump’s tariff proposals are set to take effect. The Trump camp has labeled April 2 as “Liberation Day” as officials believe the U.S. will benefit in the long term through increased domestic manufacturing…
Initially launched in December 2024, today’s announcement marks the second extension of the program, which is now set to conclude on May 31. This pricing incentive remains applicable to eligible conventional or government loans for borrowers with a FICO score of 720 or higher. It will be available to all UWM clients through April 30,…
Mr. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024. This business portion, now under A&D’s ownership, was not mentioned in Rocket’s merger announcement yesterday. Today’s transaction, first announced in January 2025, expands A&D Mortgage’s presence in the agency and government lending sectors while…
Northwest MLS President and CEO Justin Haag writes that there is no place for exclusionary practices in today’s real estate marketplace. Source link
The Coalition will ease property lending rules to help homebuyers get onto the property ladder sooner, says shadow federal housing minister Michael Sukkar. It’s the latest election promise from the Coalition aimed at helping first-home buyers get into the property market, as housing affordability looms large ahead of the May 3 federal election. Speaking at…
Gibson plaintiffs accuse Hanna Holdings of “judge shopping.” Berkshire Hathaway Energy and Hanna Holdings say donations to Judge Bough’s wife’s city council campaigns are disqualifying. Source link
Prince Harry, The Duke of Sussex. Picture: Michael M. Santiago/Getty Images New details have emerged about Prince Harry’s life in the US five years after stepping down as a senior member of the royal family. According to The Sun, the Duke of Sussex has barely spoken to his family in years. Insiders told the outlet…
