In his new role, Meert will be working closely with SPFC
Executive Vice President Dan Manginelli.
Chief Executive Officer John Johnston said, "This program brings a great deal of relief for the most underserved of all borrowers--those currently with FICO scores below 620.
A requirement that the SPFC
file an annual independent actuarial opinion on reserves.
6 million-asset concern, agrees to acquire SPFC
broker dealer registration requirements) to SharesPost's support of its members' securities transactions prior to its acquisition of SPFC
Amonica is excited to be a part of the SPFC
This program is significant because too many first-time homebuyers are feeling locked out of the housing market," said Dan Malouff, SPFC
Executive Vice President of Capital Markets.
This program brings a great deal of relief for the most underserved of all borrowers - those currently with FICO scores below 620," said SPFC
CEO John Johnston.
The decrease was due primarily to reduced revenue contributions from SPFC
and the deconsolidation of FMAC.
However, its limited resources mean that the process will be a slow one, leaving SPFC
vulnerable to the price pressures associated with the competition for third-party business.
These actions have been prompted by the recent bankruptcy filing by SPFC
During the quarter, SPFC
sold $240 million of asset-backed