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Volume 2014 - Number 36

September 26, 2014

Non-QM MBS Won’t Happen This Year, But Nonbanks Developing the Non-QM Market Have ‘Take-Out’ Investors

At least a dozen or so national lenders – almost all of them nonbanks – have rolled out lending programs for loans that don’t meet the qualified mortgage standard, and none of them expect to issue a mortgage-backed security this year. Moreover, most aren’t so certain they will be able to issue a security next year either, but that doesn’t mean they aren’t thinking about it. New Penn Financial has created...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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