Volume 2014 - Number 2
January 17, 2014
Non-Prime Lender Citadel Hopes to Be A $1 Billion Securitizer Eventually
Citadel Loan Servicing, arguably the largest active originator of nonprime mortgages, plans to move forward with its first non-agency MBS by the middle of this year. Company founder and CEO Dan Perl told Inside MBS & ABS that the firm has already picked a custodian as well as what he calls a watchdog to review the collateral. The watchdog in question appears to be Clayton Holdings, said one source, but officials at both firms would not discuss the matter. Perl declined...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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