Another record non-QM production quarter for Citadel. 2018 productions could top $1.8 billion. by Paul Muolo, August 8, 2018   Citadel Servicing Corp., Irvine, CA, originated $389.3 million of non-QM mortgages during the second quarter, a 32.3 percent sequential gain, according to figures provided to IMFnews Wednesday morning. In July, the company funded $153.1 million.…

The Right Time for Non-Prime

  • Tuesday, 17 July 2018 11:13
The Right Time for Non-Prime 17 July 2018 As the number of prime borrowers dries up, investors are showing an increased appetite for non-prime loans, which are markedly different from the subprime lending that was a hallmark of the financial crisis. Today’s non-prime loans are carefully underwritten with an appropriate examination of the underlying…
Citadel's correspondent program filling up fast  by Ryan Smith 27 June 2018 Since Citadel Servicing Corp. (CSC) introduced its correspondent lending program late last year, the non-prime market has only continued to pick up steam. And originators who want to take advantage of CSC’s lucrative correspondent program need to hurry. “We’re approaching the limit of…
Citadel is in growth mode as non-prime market heats up by Ryan Smith 15 May 2018     With borrower interest in non-prime products on the upswing, Citadel Servicing Corp. is growing to keep pace. “To quote Jaws, ‘we need a bigger boat’ – so we’re building a bigger boat,” said Will Fisher, senior vice president…