Yet another American subprime mortgage lender has set up shop in the United Kingdom, illustrating the appeal of the fledgling market.

Southern Pacific Funding Corp. announced that it has formed a subsidiary to provide nonconforming home loans in England.

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.