BancCap Plugs ‘Co-Op’ Securitization Program For Small, Mid-Sized Subprime Mortgage Lenders
April 11, 2003
A new securitization program promises small and mid-size subprime lenders another way to tap the global capital markets through a cooperative structure. Officials at BancCap Funding say the first deal under the BICEP program is just weeks away, and more will follow this summer. Modeled broadly on the co-op structure widely used in the farming industry, the program aims to bring together lenders that