Originating non-qualified mortgages remains a niche market. According to a recent survey of 200 lenders conducted by Lenders One, 64 percent of survey respondents say they originate non-QMs, though only 18 percent of the total respondents frequently originate the loans. Many of the lenders appear to be offering non-QMs to prime borrowers, with nonprime non-QMs much less common. Impac Mortgage Holdings is one of the most prominent lenders offering non-QMs ...
Originations of non-qualified mortgages remain suppressed and industry participants are divided on prospects for volume going forward. “We thought there would be significant non-QM activity by now,” said Chris Haspel, a director at Promontory Financial Group. He was speaking at the recent ABS Vegas conference produced by Information Management Network and the Structured Finance Industry Group. Haspel was a senior adviser for residential mortgage servicing and ...
CORRECTION: An update to a story in the March 11 issue of Inside Nonconforming Markets with the headline “Banks’ First-Lien Holdings Increase in 2015” is available at http://www.insidemortgagefinance.com. The story and accompanying ranking were revised because the ranking initially showed numbers from the second quarter of 2015 for the fourth quarter of 2014. Five Oaks Investment said it recently determined ... [Includes five briefs]
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