TITLE

MILA Bullish But Has Some Concern

PUB. DATE
September 2004
SOURCE
National Mortgage News;9/6/2004, Vol. 28 Issue 49, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
14363791

 

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