Craig Riddell

Manual non-agency underwriting gaps in leave competitors exposed

Investors are expressing more concern about slipping credit quality in the non-agency market, particularly due to how the loan packages are being handled. Processing Content Performance of non-QM mortgages has declined on a month-to-month basis on loans tracked by dv01, a unit of Fitch Ratings. The primary market is delivering incomplete loan files to the […]

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NEXA boss Kortas settles lawsuits, secures full ownership

NEXA Lending boss Mike Kortas is now the sole owner of his company after settling a bad breakup with his co-founder.  Processing Content Kortas reached a global settlement with Mat Grella last month, according to an Arizona state court docket and a NEXA announcement Monday. The resolution ends litigation which arose following Grella’s exit from

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