When interest rates rise rapidly – as they have the past two weeks – lenders suffer. But it appears the few dozen or so hard-money and subprime lenders operating quietly in the trenches are doing just fine and are even seeing an increase in loan requests. Mark Mozilo, a principal in CALCAP Advisors, told Inside Nonconforming Markets that his hard-money firm will fund 40 loans in the second quarter of 2013, its highest quarterly volume to date. The company is just a few years old. Mozilo added that ...