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Home » Store » Ability to Repay » Non-QM/Subprime Lenders Seek Ratings That Could Help Them Boost Securitization Volume

Non-QM/Subprime Lenders Seek Ratings That Could Help Them Boost Securitization Volume

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Ability to Repay

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As the new breed of subprime lenders continues to increase originations, these firms are now actively pondering whether they should approach the rating agencies about getting their firms rated. Dan Perl, founder and CEO of nonprime/non-QM lender Citadel Servicing, Irvine, CA, said his firm has approached Fitch Ratings and hopes to get rated as both a servicer and originator. Perl believes some of his competitors are going down the same path as well. He told...
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