Volume 2014 - Number 2
January 17, 2014
Liability a Concern with Non-QM Originations
A significant number of lenders report that the liability posed by loans that dont meet qualified-mortgage standards is so large that they wont offer non-QMs. Others would like to offer non-QMs but cant at the moment because they dont have portfolios and a secondary market for non-QMs has yet to develop, due at least partly to liability concerns. The risks of liability and protracted litigation are greatest for these loans where there is no presumption of compliance and there is a strong ...
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