Debt Sales by Nonbank Mortgage Firms are on the Rise. And Why Not? The Cost of Money is Cheap – for Some
August 26, 2016
One of the fastest-growing top-10 originators, loanDepot, this month came to market with a $150 million debt financing deal that portends good things for other firms looking to raise capital in a tough stock market. “The cost of money has really come down for nonbanks,” said consultant Paul Hindman. The privately held loanDepot disclosed...