The company plans to increase its efforts in the non-QM correspondent lending space
"To quote 'Jaws', we need a bigger boat"
While it’s still a tiny fraction of the total mortgage market, non-prime continues to come back in a big way
Non-prime loans are becoming more and more popular. Here’s why you should add them to your product line
Some big investors are buying up bonds tied to subprime mortgages and other home loans made prior to the 2008 recession
Many borrowers have sterling credit, but fall outside the narrow box that defines “traditional” mortgage customers. Now a new program is giving those borrowers a choice
Perhaps the greatest comeback story in the mortgage industry has been the resurgence of non-prime loans. Citadel Servicing Corporation’s Will Fisher talks about non-prime’s comeback – and how the product is different than the subprime products of years past
The new hires come as the company expands its headcount to meet growing demand for non-prime products