It appears the nonperforming loan market is once again heating up. Investors in NPLs say over the past few weeks they've seen an increase in offerings by sellers -- and that deals are actually getting done. "It's not like it used to be when sellers were just testing the waters," said one West Coast based NPL investor, requesting anonymity. "I actually might go out and raise more money for my fund." However, there is one "caveat" in this good news. The improvement in activity is for smaller sales only -- portfolios of $50 million or less...
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Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.
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Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
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Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.
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CrossCountry defended its lower bid for Two Harbors, looking to refute UWM's arguments regarding the status of its financing for the all-cash offer.
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The company revised the deal after consulting with Ginnie Mae and reported lower earnings due to rate volatility, refinancing and FHA delinquencies.
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The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.








