After Several Delays, Citadel Readies Its First Non-QM MBS. Angel Oak Says Investor Demand Remains Strong
February 9, 2018
Citadel Servicing’s foray into securitizing home loans that don’t meet the qualified-mortgage test is now slated for some time in March, after multiple delays, according to sources familiar with the company’s operations. The nonbank’s first nonprime deal is expected to be roughly $150 million.