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Mom-and-pop investors, just like Wall Street players, have the appetite and the cashflow to make deals happen in a rising-rate environment. Here's where they're buying and how non-QM lenders are trying to capture their business.
HousingWire queried more than half a dozen non-QM lenders with a series of questions about the spiraling rate crisis now plaguing the housing market. Here's what they said.
Amy Bassett, who has led the Maine U.S. Small Business Administration office for nearly four years, has returned to her native New Hampshire to head the office in Concord, and Maine is looking to fill its district director position. Diane Sturgeon, the Maine deputy district director, is heading the Maine office during the search, said Maine SBA spokesman Keith Lind. Bassett, who was Maine district director since January 2017, took over the New Hampshire position Dec. 21. She began her career in the New Hampshire office in 1990, where she became a "fixture," said SBA New England Regional Administrator Wendell Davis in a news release. Her positions during 26 years in Concord also included lender relations specialist and ultimately deputy district director, according to the SBA news release announcing the move.