Pacific Union Financial took in $100 million of profits. It’s not every day that a privately held nonbank tells the world what it’s earning…

Young doctors just out of medical school can be good non-QM credit risks. Of course, there's all that student loan debt to consider...

Former FHFA Acting Director Edward DeMarco wanted to shrink the multifamily programs of Fannie and Freddie, but that initiative has been placed on the back burner.

Another positive for the production market is a new willingness on the part of certain warehouse banks to finance the production of non-QM loans.

Is the investment banking arm of JPMorgan Chase sniffing around the non-QM space? It sounds crazy, we know...

Total mortgage complaints have been trending downward since they peaked at 15,239 in the first quarter of 2013.

DBRS said one of the strengths of the new jumbo deal is its traditional lifetime representations and warranties.

With certain exceptions, credit unions invest almost exclusively in agency product, avoiding jumbo securities.

It’s Official: QRM = QM. Last week, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corp., the Securities and Exchange Commission, the Federal Housing Finance Agency, and the Department of Housing and Urban Development adopted a final version of their risk-retention rule for securitized mortgages. Under the new rule, the definition of a “qualified residential mortgage” (QRM) will be no broader than the definition of the “qualified mortgage” (QM) as promulgated by the CFPB in its ability-to-repay rule. Mortgage lending industry representatives were generally pleased with the move. Independent analysts said they expected the near-term impact of the QRM to be quite limited. However, others noted that the development does place a ...

In the Castle & Cook case more than 9,400 consumers received checks from the settlement with the CFPB. But one homeowner decided not to stop there...