As others fled the crumbling subprime business, a former Finet chief operating officer saw opportunity.

Wayne S. Repich recently started Vanguard Acceptance Corp., a subprime wholesale mortgage bank in Carlsbad, Calif., that takes a less-than-somber approach to the business.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.