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This global investment firm wants to become a non-QM rainmaker

Housing Wire

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 368
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There’s more blood on the tracks in the non-QM market

Housing Wire

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8 It’s volatile out there.

Marketing 377
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Compare Your Home Equity Borrowing Options

Realty Biz

First, as you make monthly payments, you gain equity by the amount that the mortgage principal is reduced each month. Home Equity is Like having Money in the Bank. Your equity is like having money in the bank but in most cases, the only way that you can access it is by borrowing against it. Your equity increases in two ways.

Equity 91
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Redwood Trust, Angel Oak Mortgage awash in red ink in Q2

Housing Wire

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. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 380
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Seven Predictions for 2023: The Grime Edition

Notorious ROB

The top portal in real estate with a fledgling mortgage operation versus the Masters of the Universe, Too Big to Fail banks and all their friends. BTR is the hottest sector in residential real estate right now, bar none,” says Katie Fidler, director of research and communications at Atlanta-based developer and asset manager St.

MLS 79