A&D Mortgage closes acquisition of Mr. Cooper's 3rd-party channel
Deal gives the nation's biggest provider of riskier 'non-QM' mortgages additional capacity to offer more traditional loans backed by Fannie Mae and Freddie Mac, FHA, VA and USDA
by Matt Carter Apr 1
Impac Mortgage kicked off of NYSE American exchange, shares plunge
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
by Matt Carter Apr 27
Defy Mortgage launches as new player in non-QM lending
Nashville, Tennessee-based lender to serve entrepreneurs and gig workers nationwide, accepting alternative forms of income and assets including cryptocurrency
by Matt Carter Jan 10
Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
by Matt Carter Jul 7