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
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
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
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
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
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