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October 3, 2014

Waiting for a Non-QM MBS is Like Waiting for Godot

By Paul Muolo

Skyline Lending is ready to roll out a new non-agency product and plans to place the loans in what the company calls a “structured holding cell.”

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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