Citadel Servicing rolls out financing product for small multifamily properties By Jeremiah Jensen 26 October 2018 Citing growing market demand, Citadel Servicing Corp. has created a new non-prime/non-QM funding product for multifamily and mixed-use properties up to 35 units that it's calling the "Outside Dodd-Frank Plus Program. "The Outside Dodd-Frank Plus Program is an extension of…

Resurrection of the non-prime market

  • Tuesday, 02 October 2018 13:02
Executive Conversation: Daniel Perl on the resurrection of the non-prime market By Sarah Wheeler 2 October 2018 Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Daniel Perl,…
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…