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Home » Store » Ability to Repay » Securitization of Nonprime and Non-QM Loans Looking Like a Long Shot for 2015

Securitization of Nonprime and Non-QM Loans Looking Like a Long Shot for 2015

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Ability to Repay

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Although there’s been plenty of talk about the securitization of nonprime loans that don’t fit the qualified mortgage criteria finally taking off this year, it’s not looking like a good bet. “We can’t do a security this year,” said Jeff Lemieux, vice president at Bayview Asset Management, which has been actively buying non-QM product geared toward the self-employed. Bayview is purchasing...
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