Although Carrington does not disclose lending volumes, at March 31, it was the 10th largest servicer of Ginnie Mae loans with a balance of $32.25 billion, according to government data.
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
Roughly $3.9 billion of mortgages with a USDA guarantee were securitized during the first three months of 2016, with the top five issuers accounting for almost 52 percent of that amount…