The program allows for loan amounts up to $2.5 million
The program offers lending options for properties of five to 100 units
Carrington’s Prime Advantage program is designed for higher-credit-quality non-agency borrowers
The council was formed to promote growth and encourage responsible lending practices in the non-prime space
The transaction is the company’s second non-QM securitization this year
The transaction totalled more than $202 million in loan balance across more than 1,100 investor loans
The lender opens a new branch in Georgia
Some industry watchers worry about the sudden surge in non-QM securitizations – but is non-QM really the new subprime?