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September 25, 2014

Short Takes: The Cost to Underwrite Non-QM Loans / Uh, How Large is the Non-QM Market? / Ocwen’s Stock Going Nowhere / Mortgage Firms Love to Sell Ginnie MSRs / Anworth Looks to Expand

By Paul Muolo and George Brooks

Just how large is the non-QM market? That’s hard to say...

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results