Non-QM lenders are racing to stay ahead of rates
Housing Wire
JULY 22, 2022
FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Some of these regional warehouse lenders may ultimately do a full turbo feature where they collect all interest and principal, and the originator gets nothing. Lind of Acra Lending.
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