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June 19, 2014

Prospect Mortgage and Caliber Home Were in Merger Talks, But No Longer?

By Paul Muolo

Three different sources confirmed that the two companies had been discussing combining, but it’s unclear exactly when the talks broke down.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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