« Matrix: Subprime Niches » Search matrix: ScotsmanGuide.com/SubprimeNiches Y Y Y Y Y 877-349-0501 WeApproveLoans.com CA DC DE FL MD VA Angel Oak Mortgage Solutions Athas Capital Group 855-539-4910 www.angeloakwholesale.com 877-877-1477 www.athascapital.com Citadel Servicing Corp. dISPlAy First National Bank of America dISPlAy 949-900-6630 www.citadelservicing.com Privlo Wholesale 800-400-5451 www.fnba.com/mortgagebrokers 844-774-8561 PrivloWholesale.com 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 $K 25 $K Y Y Y Y A Y Y 0 6 1 24 1B 1B Y Y A Y 5 Y Y Y AZ CA CO FL GA ID NC OR TX UT WA Y Y Y Y 2 N 1B 24 Y 1 12 2 Y 24 Y N N 2 24 1.2B Y 1B U Y Y Y Y Y Y Y Y Y Y Y 6 N Y 24 1B Y A N N Y Y 12 750K Recent BK, foreclosures, short sales are OK with equity. We have a loan program for foreign nationals. We also buy agency fallout loans; contact us today to discuss a loan scenario! 3 2 5 Y N Y Y Citadel Servicing, the first wholesale nonprime lender to re-enter the market with printed rates/matrix and uniform guidelines. Specializing in purch/refi after short sale, BK or foreclosure. Let's get back to smart lending! FL IA IN KY MI MN MO TN WI Y Y A Y Y Y Y Century-old, family-owned bank/NTL lender, offering Conv/Manuf/FHA/VA/USDA. Only overlay on conf. products is 660 FICO. Wide range of products and competitive pricing. Check out our unique home-equity offerings. NATIONWIDE except: MD Y 29 30 Athas Capital Group is committed to the re-emergence of subprime. Please call one of our friendly wholesale reps and let us earn your “A” paper fallout business! Y Y Y Y Y Y AZ CA CO ID KS MT ND NE NM OK OR SD TX UT WA WY Y 28 $K Credit scores starting at 500. Bank statement program for self-employed borrowers. Up to 80% LTV, up to 50% DTI. No seasoning on short sale or foreclosure. Loans up to $1 million. AL CA CO FL GA NC ND SC TN Y 26 27 We are a U.S. Treasury certified CDFI and our mission is to make loans for the underserved. All situations considered. Y CapWest Mortgage 844-707-7944 www.capwestmortgage.com 7 12 3 24 2B 2B Privloans are the mortgage alternative for well-qualified borrowers who have fallen through the cracks of traditional agency and QM loan products. CO ID MD MN TX Tell lenders you found them in Scotsman Guide 1 2 3 4 5 6 7 8 9 dISPlAy 5 dISPlAy 4 dISPlAy 3 dISPlAy 2 dISPlAy 1 ACC Mortgage Inc. display 6 COMPANY NAME 24 Combo loans: Maximum combined loan amount 25 Construction, custom: Maximum loan amount (see Construction matrix for more details) 26 Foreclosure avoidance 27 Home improvement loans 28 Jumbo loans: Maximum loan amount (1st only) 29 Mortgage Only credit option 30 40-year amortization with 30-year term dISPlAy 1-4 unit single-family residences, townhomes and condominiums. 6 7 8 9 10 11 12 13 14 MISCELLANEOUS 15 Aliens (nonresident)/foreign nationals: No green card, investment property 16 Builders, Realtors, developers: Are no-income-verifier (NIV) loans available? 17 1 = Corporations, 2 = Trusts, 3 = Partnerships 18 Non-owner: More than four financed properties allowed 19 Non-owner <5 units: Zoned other than residential 20 Seasoning/ownership: Can refi if home is owned longer than: 1) __ # months or 2) N: No seasoning required 21 Seasoning/appraisal: Can use current appraised value if home owned longer than 1) __ # months or 2) N: No seasoning required 22 Seasoning/source: Downpayment funds must be seasoned longer than: 1) __ # months or 2) N: No seasoning required 23 Self-employed for minimum period (# of months) display scores as low as 500, alternative income documentation and ARM/fixed hybrid products for 5 PROGRAMS AND OPTIONS PROPERTY-RELATED ITEMS Condotels at resort destinations Condos: With only 2-3 units Condos: High-rise Condos: Owner-Occ Non-FNMA/FHLMC guidelines (i.e., occupancy requirements, etc.) Condos: Non-Owner-Occ Non-FNMA underwriting guidelines (i.e., occupancy requirements, etc.) Co-ops, where common to the area Houseboats Land: Maximum number of acres (U=Unlimited) Log homes Manufactured homes: Doublewide, post-July 1976 construction Manufactured homes: Singlewide, real property Manufactured homes: Pre-July 1976 construction, real property Rural properties, residential use Second dwelling on single tax lot 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 $K 25 $K 26 27 28 $K 29 30 Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: [email protected]. Scotsman Guide Residential Edition | ScotsmanGuide.com | November 2014 109 dISPlAy The subprime matrix includes wholesale mortgage lenders that offer loan programs with FICO 1 2 3 4 dISPlAy Post your loan: ScotsmanGuide.com/LoanPost