The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera…
Posts published in “A&D Mortgage”
A&D Mortgage closes acquisition of Mr. Cooper’s 3rd-party channel
By The Citizen on April 1, 2025
Deal gives the nation’s biggest provider of riskier “non-QM” mortgages additional capacity to offer more traditional loans backed by Fannie and Freddie, FHA, VA and…
Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
By The Citizen on July 7, 2022
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers. Source: Inman News