Bankruptcy Fixed-rate mortgage Loans 
Housing Wire
JUNE 30, 2022
Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . They are particularly worried about loans already approved but not purchased by FGMC. .
Housing Wire
MARCH 3, 2022
As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt.
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Housing Wire
NOVEMBER 8, 2023
The answer is no, and for that, we must thank the 2010 qualified mortgage (QM) rule, which has high standards for borrower credit scores and the ability to repay the loan. Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. How did this happen?
Housing Wire
AUGUST 11, 2022
a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Likewise, Atlanta-based A ngel Oak Mortgage Inc. , The Angel Oak Cos.
Housing Wire
SEPTEMBER 9, 2022
That’s less than half the volume of private-label securitizations tracked by KBRA over the same two-month period in 2021, when there was a total of 44 RMBS transactions backed by loan pools valued at $19.4 Less than one year later, in June 2022, the rate reached 5.8% …. “In billion over the same period in 2021.
Housing Wire
JULY 27, 2022
through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc.
Housing Wire
OCTOBER 13, 2022
In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.
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