Angel Oak Mortgage Posts Consecutive Quarterly Loss Amid Challenging Economic Environment
Industry News | Latest | Posted on August 19, 2022 at 7:14 pm by Sean A. Stephens, Esq., CMB®
Angel Oak Mortgage Inc. (NYSE: AOMR) delivered a second consecutive quarterly loss. Like others in the business, Angel Oak Mortgage, Inc cites a “challenging economic environment” as a leading cause for the company’s repeated quarterly losses, Like other real estate
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LoanDepot Shutting Down Wholesale Channel after Second Consecutive Quarterly Loss
Industry News | Latest | Posted on August 12, 2022 at 7:05 pm by Sean A. Stephens, Esq., CMB®
As 2022 continues so does the turmoil throughout the mortgage industry……… California-based mortgage lender Loandepot Inc. (NYSE: LDI) is embarking on a significant reorganization of its business model. To focus on what it does best, the lender plans to shut
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Happy 4th of July and the FGMC Fallout continues…..
Industry News | Latest | Posted on July 1, 2022 at 10:00 pm by Sean A. Stephens, Esq., CMB®
4th of July – Independence Day First off, I just wanted to wish everyone a safe and happy 4th of July weekend! I am sure we are all just as happy that it happens to fall on a Monday this
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Home Prices Still More Affordable Despite Increasing 27%!
Industry News | Latest | Posted on April 8, 2022 at 3:27 am by Sean A. Stephens, Esq., CMB®
Many home shoppers are shocked by increased home prices, but the prices may be slightly lower as a percentage compared to the 2006 peak. Mark Fleming, the chief economist at First American, stated that the January 2022 First American Real
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GSE Loan Repurchases are on the Rise!
Industry News | Latest | Posted on April 1, 2022 at 2:49 am by Sean A. Stephens, Esq., CMB®
As recently published by Inside Mortgage Finance, GSE loan repurchases are on the rise! “Fannie Mae and Freddie Mac reported $2.97 billion of seller repurchases in 2021, the largest annual volume in years……“ According to recent data released by Fannie
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Housing indicators are disturbing, but it may not be a 2008 repeat – Federal Reserve Bank of Dallas
Industry News | Latest | Posted on March 30, 2022 at 3:21 am by Sean A. Stephens, Esq., CMB®
As recently reported by Fortune.com, Potential home buyers that have waited until 2022 for a possible dip in the markets may be disappointed. Last week we learned that home prices hit 19.2% in January for the year-on-year growth. This puts
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