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Volume 2014 - Number 24

November 21, 2014

Investment in Nonprime Lenders Heats Up

Bond investing giant PIMCO has made an investment in Citadel Servicing, a small but fast-growing nonprime lender that could wind up originating $400 million in non-agency residential loans next year. Industry officials confirmed the investment to Inside Nonconforming Markets, although neither company would comment. One source close to the transaction said PIMCO’s stake in Citadel is under 30 percent. The lender, which raised $200 million in seed money early last year, has been funding ...

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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