Company Performance Metrics
BNC Mortgage is a specialty finance company that originates and sells, on a whole loan basis, for cash non-conforming residential mortgage loans secured by one-to-four family residences. The Company's loans are made primarily to refinance existing mortgages, consolidate other debt, finance home improvements, education and other similar needs,
and, to a lesser extent, to purchase single family residences. Non-conforming loans are loans made to borrowers who are unable or unwilling to obtain mortgage financing from
conventional mortgage sources, whether for reasons of credit impairment, income qualification or credit history or a desire to receive funding on an expedited basis.