Arc Home CEO Richard Bradfield said Pallante’s “extensive knowledge and experience in the non-QM and non-agency space, coupled with his proven ability to lead a team of sales professionals and achieve stellar results, will be instrumental” in driving the company’s continued growth and success. Pallante joined Arc after a stint at CIVIC Financial Services, where … [Read more…]
Since the end of the third quarter, the company has reduced its whole loan warehouse debt by 51% and the mark-to-market portion of its total warehouse debt by 62%, enabling it to “protect its capital structure to withstand volatility.” In November, AOMR sold certain non-QM, and investor cash flow residential mortgage loans with a purchase … [Read more…]
Is the US in a recession now? The specter of recession is yet another worry, posing as a potential threat to recovery. “The range of projections of whether and when we will enter an economic recession is extraordinary,” Rubin noted. “Culling through the noise, the consensus seems to suggest a recession later this year that … [Read more…]
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Cook with style and good company in these apartment kitchens.
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Before Newmark, Fraker spent nearly 20 years at CBRE, most recently as vice chairman, managing director, and head of global industrial and logistics. Additionally, he served as an executive vice president in Cushman & Wakefield’s capital markets practice and held positions on the board of directors. “Jack has built an outstanding global reputation as an … [Read more…]
Angel Oak Mortgage Trust (AOMT) has started preparing its second non-QM RMBS this year – a $495.5 million transaction secured by loans originated by Angel Oak Mortgage Solutions and Angel Oak Home Loans. The group is set to issue a securitization backed by a pool of 877 loans, 72.2% of which are non-qualified mortgages, while … [Read more…]
Wisconsin-based mortgage lender Waterstone Mortgage Corp. promoted Jennifer George to vice president of investor relations and credit policy.
Flagstar Bank, a subsidiary of New York Community Bancorp, has made a donation of $1 million to the Appraiser Diversity Initiative (ADI) – a collaboration between the National Urban League, Fannie Mae, Freddie Mac, and the Appraisal Institute, aimed at promoting diversity in the appraisal industry and breaking down barriers to success for aspiring appraisers. … [Read more…]