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
PIMCO saw a bright future for now-bankrupt mortgage lender FGMC
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
by Matt Carter Jul 1
First Guaranty Mortgage cuts 76% of workforce, leaving partners in lurch
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
by Matt Carter Jun 27
Capital providers launch new equity, debt platforms to land more real estate deals
Eastern Union Funding expands debt service to include equity division
by Erik Pisor Jun 5
The Fed will keep tapering, but stage is set for Europe to ease
If European Central Bank embarks on QE, expect US interest rates and stocks to skyrocket
by Lou Barnes Feb 7