Non-QM

TFG Rate Guarantee program offers chance to buy now and refi when rates fall.

Shea Pallante, who told Sprout employees the company was closing via a conference call last July, is Arc's new chief production officer.

Industry veteran Patrick Creek to help boost Non-QM sales in Texas and points west.

Says drastic changes, including winding down its TPO channel, are intended to help it 'navigate current market conditions.'

Calif.-based lender praises his experience & track record in Non-QM.

Completes 8th Non-QM securitization as company rebounds to a profit in Q4.

LA-based lender says Non-QM loans available only in California; DSCR program available in 38 states.

But it does not expect the resurgence of Non-QM loans to result in an 'extensive deterioration in performance' similar to 2008.

Loans in the $227M pool were all originated by Change, a Community Development Financial Institution.

The notes are supported by 910 loans with a UPB of approximately $420.7 million acquired by Annaly Capital Management.