Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
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Items Tagged with 'qualified mortgage'

ARTICLES

Privlo launches alternative mortgages in Washington

Continues recent expansion
Brena Swanson
Privlo announced its second launch for the month. This time the company is expanding into Washington to help credit worthy borrowers who struggle fitting current regulation standards by providing non-Qualified Mortgages.
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NewOak launches service to help lenders meet non-QM demand

Platform assists in managing increasing regulatory risk
Brena Swanson
NewOak’s new Non-Qualified Mortgage Support Services platform was created to help originators and investors in non-QM products to manage increasing regulatory and enforceability risks.
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How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight
Sarah Wheeler
During one of the last panels at the MBA Annual Convention, a group of lenders was cautiously optimistic about the future, noting that while progress has been made, more clarifications are needed for a significant increase in non-QM lending.
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On Q Financial launches non-QM lending program

Seeks to fill gap created by regulatory standards
Ben Lane
According to the company, On Q Financial’s new program includes solutions for self-employed or recently retired borrowers, individuals with a short credit history or flawed credit from a past short sale or foreclosure.
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MountainView set to invest in “non-prime” mortgages

Seeks to capitalize on underserved market
Ben Lane
“The company is responding to demand in the origination market that is not being met by lenders who have significantly tightened underwriting requirements and are adversely affecting consumers who can in fact demonstrate the ability to repay their home loans,” MountainView said in a release.
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Macquarie funds Impac non-QM originations

Fuels expansion into non-qualified mortgage space
Brena Swanson
“Our successful history originating this type of product, combined with our relationship with Macquarie, will allow Impac to make an immediate impact in the non-qualified mortgage space,” Joseph Tomkinson, chairman and CEO of Impac, said.
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Urban Institute: Qualified Mortgage impact overblown

New rules have only slightly slowed mortgage lending
Ben Lane
According to new analysis from the Housing Finance Policy Center team at the Urban Institute, there has been “surprisingly little impact” on the mortgage origination numbers since QM went into effect in January.
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Fannie Mae: 80% of lenders won't enter non-QM space

New rules show little impact on business strategies... for now
Brena Swanson
The housing industry had half a year to adjust to the CFPB's new Qualified Mortgage and Ability-to-Repay rules. But has that been enough time?
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New Penn Financial enters non-QM lending

Product appeals to high-end customers
Brena Swanson
New Penn Financial entered into the burgeoning non-Qualified Mortgage territory and introduced the Home Buyer Power product. The product appeals to high-end customers who may be paying expensive metro-area rents.
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Here's the key to Impac's strong second quarter

Wholesale and correspondent originations increase 38%
Brena Swanson
Impac Mortgage Holdings reported second-quarter net earnings of $82 thousand or $0.01 per diluted common share after reporting a net loss last quarter, and it was one key element that helped drive lending volume forward.
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