Lenders are slowly starting to offer jumbo mortgages again
"Lenders are slowly and selectively starting to underwrite jumbo mortgages again after all but abandoning the market as the pandemic got underway.
Since February 2020, jumbo mortgage originations have plunged "
QUALITY MANAGEMENT AND PATIENT SAFETY ACTIVITIES THAT CAN GENERATE CONFIDENTIAL RECORDS AND DOCUMENTS
"1. REASON FOR ISSUE: This Veterans Health Administration (VHA) directive lists Quality Management (QM) activities that can generate confidential records and documents under Title 38 United States Code (U.S.C.) § 5705 and its implementing regulations and describes related VHA responsibilities to ensure confidential records and documents are properly marked and secured in accordance with VHA policy.
2. SUMMARY OF MAJOR CHANGES: This directive:"
Lending solutions firm Sprout Mortgage Re-Opens Correspondent Lending Channel Refined, Resourceful, Ready to Help Clients Grow
"Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced the resumption of its Correspondent Lending operations, effective immediately.
“We’re excited to once again offer a complete array of non-QM home finance solutions to our Correspondent clients,” said Michael Strauss, President. “While our loan dprograms have been re-engineered for today’s markets, our commitment to make non-QM mortgages easy and convenient for our clients remains a top priority for Sprout.”
The Correspondent channel will initially feature four comprehensive loan programs to provide solutions for a broad spectrum of borrowers:..."
Angel Oak Capital Advisors Brings Third Securitization of 2020 to Market
"Angel Oak Capital Advisors, LLC (Angel Oak), has completed AOMT 2020-3, a $530 million securitization composed primarily of nonqualified mortgage (non-QM) loans originated by its affiliate mortgage lenders Angel Oak Mortgage Solutions, LLC, and Angel Oak Home Loans, LLC. The securitization was rated by Fitch and DBRS.
“Even amid the current economic conditions, we continue to see a large investor base following our securitizations based on the strength and consistency of our deals,” said Namit Sinha, Chief Investment Officer of Private Strategies at Angel Oak Capital Advisors. “Investors are finding value in these alternative credit opportunities, and we anticipate that will continue into the second half of 2020.”
AOMT 2020-3, Angel Oak’s third securitization this year, consists of ..."