With consumer credit performance maintaining healthy levels across mortgage, auto, credit card, and personal loans, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021. TransUnion’s newly released Q4 ...
Read More »Loan Mod Volume Climbs as Forbearance Exits Continue
In its latest servicer report, Fitch Ratings reports forbearance plans experiencing a near 50% year-over-year drop, while the percentage of loan modifications has quadrupled.
Read More »RMBS in 2019
A report looked at the opportunities and headwinds in the residential mortgage-backed securities market and here’s what it projected for these securities in 2019.
Read More »How Do Non-prime Loans Help Underserved Borrowers?
Rick Sharga, EVP, Carrington Holdings explains the key difference between the subprime loans issued prior to the Great Recession that led to defaults and today’s non-prime loan products that are unlocking homeownership potential for underserved borrowers.
Read More »Angel Oak Appoints New Accounts Executives
The new appointments will help the company keep pace with non-prime mortgage growth for the lender.
Read More »Interesting Trends in Forbearance
As borrowers continue to make payments on time, the first quarter saw serious delinquencies shrinking for the 19th consecutive quarter. Here’s what impacted this otherwise declining trend.
Read More »Nonprime Market Sees New Entrant
In an effort to give greater attention to what the company says is an “underserved” market, Carrington Mortgage Services announced Monday its intent to put a tighter focus on borrowers with credit scores in the sub-640 range.
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