Non-QM
Latest securitizations signal recovery for the market
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.
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.