Pacaso plans to launch ‘bespoke’ co-ownership mortgage in Q4

A new $100 million credit facility with Texas Capital Bank will enable loans to be originated by a third-party, then securitized and sold to investors in non-qualified mortgages. Continue reading

Chimera boosts non-QM presence with HomeXpress acquisition

The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading