MILA Bullish But Has Some Concern

September 2004
National Mortgage News;9/6/2004, Vol. 28 Issue 49, p2
Trade Publication
MILA Inc., one of the nation's fastest growing subprime firms, continues to be bullish about its future, but is showing some concern about whole loan price compression in the market. In a recent interview, company founder and CEO Layne Sapp noted that whole loan prices have slipped 75 to 100 basis points compared to a year ago. The MILA CEO predicted that within two years the subprime/nonconforming niche could be in the midst of a "really ugly" shakeout.


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