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October 30, 2014

Citadel’s Monthly Production of ‘Subprime’ Loans at $20 Million; $400 Million Next Year?

By Paul Muolo

In three-plus years of originating subprime mortgages, Citadel has suffered two foreclosures and a handful of delinquencies, but no losses.

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Poll

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.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%