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

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.
Read More

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 staring to look into the unchartered territory of non-QM lending, finding that there is, in fact, demand.
Read More

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."
Read More

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.
Read More

Wingspan looks to grow in Florida

Hiring for numerous positions
July 9, 2014
Wingspan Portfolio Advisors is looking to significantly expand its offices in Melbourne, Florida, hiring for a variety of mortgage-related positions.
Read More

Senate confirms Julián Castro as HUD Secretary

Senate votes 71-26 to approve Obama’s nominee
July 9, 2014
Of note in the “no” votes was Senator Mike Crapo, R-Idaho, who co-authored the Johnson-Crapo housing finance reform legislation with Senator Tim Johnson, D-S.D., that is currently under consideration on the Senate floor.
Read More

Morgan Stanley surprised by reported Citi settlement size

Represents high proportion of bond issuance
July 9, 2014
According to Morgan Stanley analysts Betsy Graseck and Manan Gosalia, even a $7 billion settlement may be too dire, when compared to the recent JPMorgan settlement.
Read More

5 ways to capture the millennial market

The next set of first-time homeowners
July 9, 2014
Millennials are infamous for putting a drag on the housing recovery since they are drowning in student debt, but as it becomes easier for younger adults to land a job, they will once again start mulling over the idea of owning a home. And here is just how lenders can capture that new audience.
Read More

FiveThirtyEight: More employers putting out help wanted signs

Job openings up 19% since May 2013
July 9, 2014
More employers are putting out the help wanted sign than before, and that’s the good news. The question is – are these good, full-time jobs or part-time McJobs? Time will tell, but meanwhile, FiveThirtyEight takes a look at the employment situation from the employer’s perspective.
Read More

It’s a landlord’s world, you just rent in it

Single-family rental continues growth as homeownership shrinks
July 9, 2014
Although investor activity peaked in 2012, it’s still abnormally high and with rental demand rising and supply dwindling, investors will continue to snap up distressed properties and existing homes. Meanwhile, homeownership continues to decline.
Read More