MarketWatch is reporting that Credit Suisse has entered into an option-purchase agreement with subprime lender ResMae; CS already controls subprime mortgage operation Select Portfolio Servicing.
Credit Suisse loves subprime
Most Popular Articles
Latest Articles
Mortgage prepayment rebounds as spring home buying season takes hold HW+
Prepayment activity nearly doubles between January and June, but with refi near record lows, season impacts will be more noticeable.
-
Why industry watchers expect mortgage rates to fluctuate in coming weeks HW+
-
VA makes major change to America’s most underutilized mortgage program HW+
-
Fed delivers a 25 bps rate hike amid bank failures HW+
-
Pacific Western Bank gets $1.4B from Atlas after 20% decline in deposits HW+
-
Lenders: Looking to simplify closings? Work with an insurance agency HW+
