Volume 2014 - Number 5
February 7, 2014
Private Investor Players Angling for Position for Non-QM Market, Once the Execution is Right
The mortgage market is just one month into the world of qualified mortgage lending under the Consumer Financial Protection Bureaus ability-to-repay rule. But behind the scenes, investors, legal advisors and technology vendors are working to get ready to enter the non-QM space. I can tell you, at least from the investor side, from the number of investors that I talk to and some of these are cradle-to-grave guys that have originating arms in their organizations, or maybe correspondent networks for which theyre buying they are building infrastructure and capability to process and buy these non-QM type loans, said Dave Hurt, vice president at CoreLogic. So there is genuine interest and significant enough confidence that there will be a market that theyre making investments both in technology and infrastructure to do that. And its not...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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