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Home » Will Nonbanks Follow loanDepot Into Seconds?
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Will Nonbanks Follow loanDepot Into Seconds?

August 14, 2015
loanDepot, LLC, made a big splash in the market this week, becoming the first nonbank lender to begin making ‘A’ paper second liens since the housing bust. The Irvine, CA-based lender fully expects it may soon have competition, but believes by being the first in, it will have a leg up on whichever players enter the fold. However, a quick call to a handful of nonbanks turned up...
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