CWM Mortgage Holdings Inc. is entering the market for nonconforming residential mortgages as a wholesale buyer.

Greg Bowcott was named chief executive officer of the new wholesale unit, Independent National Finance Corp. Previously, Mr. Bowcott had been a senior manager at both Advanta Mortgage Corp. USA and Security Pacific Financial Services.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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