Deephaven Mortgage, a Charlotte-based lender focused on nonqualified mortgages (non-QM), has recently expanded its home equity offerings with a new closed-end second-lien product and the introduction of a home equity line of credit (HELOC).  

“Today’s second-lien market presents a significant opportunity,” said Tom Davis, Deephaven’s chief sales officer, in an interview during the Mortgage Bankers Association (MBA)’s Annual Convention & Expo in Denver this week. 

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation, home renovation details ⇒

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