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Home » Store » Ability to Repay » Nonprime MBS to Be Backed by Citadel Loans

Nonprime MBS to Be Backed by Citadel Loans

$55.00
Ability to Repay

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Citadel Loan Servicing, Irvine, CA, one of the most active nonprime residential lenders in the market, is on track to fund a company-record $400 million worth of mortgages this year, more than double what it produced last year. In a brief interview with Inside Nonconforming Markets this week, company founder and CEO Dan Perl said his goal for next year is $1 billion – all in loans that do not meet the qualified-mortgage standard. If the privately held Citadel – Perl is the chief shareholder – can hit...
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