Back in April, the privately held Quicken sued the two cabinet level agencies and their leaders, claiming the residential lender was a target of a “political agenda" under which the DOJ…
“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.
If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.
Some lenders offering non-qualified mortgages see the product as a way to generate volume in a sector of the market that most competitors are avoiding. However, even some prominent non-QM lenders aren’t comfortable originating the loans in New York State. New York was the fourth-ranked state in terms of total originations in 2014, according to an analysis of Home Mortgage Disclosure Act data by Inside Mortgage Trends, an affiliated publication, accounting for 4.2 percent of ...
Risk-retention requirements established by the Dodd-Frank Act for certain non-agency mortgage-backed securities took effect at the end of 2015. Industry analysts suggest that the requirements will have minimal impact on industry participants’ current practices. “Risk-retention rules will not affect overall residential MBS issuance levels because qualified mortgage issuers will be exempt from risk-retention rules, and non-QM issuers already retain risk,” according to analysts at Moody’s Investors Service ...
RSS