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Angel Oak posts 2Q loss due to non-QM market uncertainty

Angel Oak posts 2Q loss due to non-QM market uncertainty

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Angel Oak posts 2Q loss due to non-QM market uncertainty
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Angel Oak posts 2Q loss due to non-QM market uncertainty
Angel Oak posts 2Q loss due to non-QM market uncertainty
Angel Oak posts 2Q loss due to non-QM market uncertainty
Angel Oak posts 2Q loss due to non-QM market uncertainty
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Real estate investment trust Angel Oak Mortgage recorded its second consecutive quarterly loss as continued economic upheaval affected its operations.Angel Oak Mortgage lost $52.1 million for the second quarter, compared with a $43.5 million loss for the first quarter and profits of $2.2 million for the second quarter last year. The REIT went public on June 17, 2021."We again observed an extremely volatile and uncertain fixed income market in the second quarter, as the Fed continues to increase ...
Real estate investment trust Angel Oak Mortgage recorded its second consecutive quarterly loss as continued economic upheaval affected its operations.Angel Oak Mortgage lost $52.1 million for the second quarter, compared with a $43.5 million loss for the first quarter and profits of $2.2 million for the second quarter last year. The REIT went public on June 17, 2021."We again observed an extremely volatile and uncertain fixed income market in the second quarter, as the Fed continues to increase ...
Angel Oak takes $43.5 million loss due to market volatility
Angel Oak takes $43.5 million loss due to market volatility
Angel Oak takes $43.5 million loss due to market volatility
Angel Oak takes $43.5 million loss due to market volatility
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
But the REIT, which invests in mortgages that have to be verified through nontraditional means like bank statements, has seen an improvement in its outlook since the first quarter.
But the REIT, which invests in mortgages that have to be verified through nontraditional means like bank statements, has seen an improvement in its outlook since the first quarter.
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staffοΏΌ
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staffοΏΌ
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staffοΏΌ
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staffοΏΌ
housingwire housingwire | 1 year ago
Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The post Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staffοΏΌ appeared first on HousingWire.
Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The post Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staffοΏΌ appeared first on HousingWire.
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff
Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff
housingwire housingwire | 1 year ago
Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The post Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff appeared first on HousingWire.
Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The post Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff appeared first on HousingWire.
Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending
Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending
Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending
Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending
housingwire housingwire | 1 year ago
Mortgage lender Angel Oak Home Loans has implemented SimpleNexus' all-in-one mortgage app to streamline its loan origination process. The post Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending appeared first on HousingWire.
Mortgage lender Angel Oak Home Loans has implemented SimpleNexus' all-in-one mortgage app to streamline its loan origination process. The post Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending appeared first on HousingWire.
Why non-QM lending is not going away
Why non-QM lending is not going away
Why non-QM lending is not going away
Why non-QM lending is not going away
housingwire housingwire | 1 year ago
Non-QM lenders have been going through a turbulent time in the past few months. HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. The post Why non-QM lending is not going away appeared first on HousingWire.
Non-QM lenders have been going through a turbulent time in the past few months. HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. The post Why non-QM lending is not going away appeared first on HousingWire.
Β MAXEX seeks to capitalize on expanding non-QM market
Β MAXEX seeks to capitalize on expanding non-QM market
Β MAXEX seeks to capitalize on expanding non-QM market
Β MAXEX seeks to capitalize on expanding non-QM market
housingwire housingwire | 1 year ago
MAXEX, a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The post Β MAXEX seeks to capitalize on expanding non-QM market appeared first on HousingWire.
MAXEX, a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The post Β MAXEX seeks to capitalize on expanding non-QM market appeared first on HousingWire.
In volatile market, Angel Oak sets 30-day rate lock period
In volatile market, Angel Oak sets 30-day rate lock period
In volatile market, Angel Oak sets 30-day rate lock period
In volatile market, Angel Oak sets 30-day rate lock period
housingwire housingwire | 2 years ago
β€œAngel Oak, along with the rest of the non-QM industry, has been forced to make rapid adjustments to ensure liquidity during this highly volatile market,” a company spokesperson told HousingWire. The post In volatile market, Angel Oak sets 30-day rate lock period appeared first on HousingWire.
β€œAngel Oak, along with the rest of the non-QM industry, has been forced to make rapid adjustments to ensure liquidity during this highly volatile market,” a company spokesperson told HousingWire. The post In volatile market, Angel Oak sets 30-day rate lock period appeared first on HousingWire.
Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results
Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results
Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results
Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results
housingwire housingwire | 1 year ago
In the most challenging mortgage market in well over a decade, executives at Impac have opted to pull back on non-QM products, which represent most of the company’s originations. It resulted in Impac bringing in less than $500,000 in revenue between April and June.Β Β  The post Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results appeared first on HousingWire.
In the most challenging mortgage market in well over a decade, executives at Impac have opted to pull back on non-QM products, which represent most of the company’s originations. It resulted in Impac bringing in less than $500,000 in revenue between April and June.Β Β  The post Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results appeared first on HousingWire.
AngelΒ Oak confronts the challenges of market volatility, fast-rising rates
AngelΒ Oak confronts the challenges of market volatility, fast-rising rates
AngelΒ Oak confronts the challenges of market volatility, fast-rising rates
AngelΒ Oak confronts the challenges of market volatility, fast-rising rates
housingwire housingwire | 1 year ago
Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates? The post AngelΒ Oak confronts the challenges of market volatility, fast-rising rates appeared first on HousingWire.
Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates? The post AngelΒ Oak confronts the challenges of market volatility, fast-rising rates appeared first on HousingWire.