Citadel Servicing: Citadel Introduces Program Enhancements for Non-Prime Credit Borrowers

California-based non-prime wholesale residential lender Citadel Servicing Corporation (CSC) has announced a major update to their product platform. Effective immediately, CSC will begin offering a 5/1 Hybrid Adjustable Rate Mortgage (ARM) and 5/25 Interest Only (IO) term. This now allows borrowers to qualify on the IO program without as big of a recast, which normally would increase ...The post Citadel Introduces Program Enhancements for Non-Prime Credit Borrowers appeared first on DSNews.