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Focus on lower-credit borrowers paying dividends

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Mortgage Professional America | 07 May 2014, 08:28 AM Agree 0
Carrington Mortgage Service’s announcement in March that it would increase its focus on borrowers in the sub-640 FICO range was a boon to underserved home buyers. But the decision also makes sound business sense, according to Carrington exec Raymond Brousseau
  • Herb McGee | | 07 May 2014, 11:44 AM Agree 0
    Great idea, Prospect is the only lender now with a FHA mortgage that starts @580.
  • George Castillo | | 08 May 2014, 01:09 PM Agree 0
    Good for Carrington, it is definitely an under tapped market and a profitable one too. Please make sure, though, we don't drain the fha insurance for doing bad mortgages; we all pay the price for that. Great article!
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