New nonprime originations haven’t been enough to prop up the volume of subprime mortgages outstanding, according to a new ranking by Inside Nonconforming Markets. The top 15 subprime servicers handled an estimated $212.73 billion of the loans as of the end of the second quarter of 2017, down 4.1 percent from the previous quarter and down 18.2 percent from a year ago. None of the servicers posted...[Includes one data table]
It will be the 11th issuance of its type by loanDepot.
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