Is non-QM lending the future of housing?

Is non-QM lending the future of housing?

Lenders begin offering non-agency products

FOMC considers ending taper in October

Members debate one final larger reduction

CNBC mortgage rates coverage really confuses readers

And the reaction isn't good
W S

News

Recovco bolsters business development team

Adds three industry veterans as managing directors
July 10, 2014
The company said that Michael Moore, Greg Botto and Bill Pearson will “each play a pivotal role in business development to grow the company’s resources and service offerings nationally.”
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Freddie Mac: Strong jobs report nudges rates higher

Rates barely increase across the board
July 10, 2014
Mortgage rates marginally ticked higher due to a better-than-expected jobs report, which showed that the pace of hiring is still on a solid upward trajectory.
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New home purchase applications dip slightly

Fall by 5% in June
July 10, 2014
Mortgage applications for new home purchases fell by 5% compared to the previous month, while new single-family home sales ticked higher.
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Delivery of Loan Estimate creates risks for creditors

TILA-RESPA holds creditors responsible even when brokers deliver estimate
July 10, 2014

This is a call for more oversight and communication to ensure all parties are in compliance, and will ultimately have a large business impact if handled incorrectly.


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Is wage stagnation keeping homebuyers away?

Home price increases are outpacing wage growth
July 10, 2014
"Nationally, asking prices rose faster than wages per worker in 95 of the 100 largest metros,” said Trulia's chief economist Jed Kolko.
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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
July 9, 2014
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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Is non-QM lending the future of housing?

Lenders begin offering non-agency products
July 9, 2014
Now that it's been six months since the CFPB's Qualified Mortgage requirements went into effect, lenders are starting to look into the unchartered territory of non-QM lending, finding that there is, in fact, demand.
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Castro’s confirmation as HUD Secretary met with industry approval

President Obama, others praise San Antonio mayor
July 9, 2014
"I applaud the bipartisan majority of Senators who today confirmed Julián Castro as our next Secretary of Housing and Urban Development," President Obama said. "Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods."
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The truth behind millennial housing numbers

Reports leave out key detail
July 9, 2014
Despite an overabundance of news reports on how millennials are the new roadblock to housing, there's one very important factor that is being left out of the mix.
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FOMC considers ending taper in October

Members debate one final larger reduction
July 9, 2014
Veering away from its standard $10 billion a month reduction, the Federal Open Market Committee is considering one final reduction in bond purchases, meaning tapering would end in October.
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