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Angel Oak reports higher cash levels but a quarterly loss

Angel Oak reports higher cash levels but a quarterly loss
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Newrez Launches A 40-Year Mortgage For Non-QM

Newrez, a Non-QM lender based in Fort Washington, Pa., is the newest entrant into the 40-year mortgage market. Similar to others that are available, the one from Newrez includes a fixed-rate and interest-only payments for the first 10 years before the loan turns into 30-year, fixed-rate mortgage with monthly interest and principal payments.

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