OBX 2023-NQM1 is a $405.2 million non-prime RMBS transaction.
Jason Dumke to help brokers grow their Non-QM business.
EFI contributed about 85% of the loans, with the remainder contributed by a fund managed by Ellington Management Group L.L.C.
The pool includes fixed and adjustable-rate loans acquired by Annaly Capital Management Inc.
Texas-based lender adds industry veteran Dustin Wells as co-president to lead growth.
Multiyear agreement offers Hildene access to CrossCountry’s scalable volume of Non-QM loans .
Claims Non-QM lender, servicer owe the bank more than $3.5 million
Options offer borrowers a reduced interest rate in first years of a loan.
Non-QM wholesale lender credits CRM’s flexibility and innovative features as key to managing rapid growth.
Non-QM lender selling ‘brick-and-mortar’ locations, staff to Cross Country Mortgage.