Virtuallender.com Inc. announced the first operating results for its wholesale subprime division, VLDC Funding.

During the three weeks beginning June 10, the unit underwrote $7.9 million of first mortgage subprime loans, including credits from Washington State and California, the company said Tuesday.

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.