The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
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Items Tagged with 'qualified mortgage'

ARTICLES

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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Non-QM lending: The new normal for mortgages?

RPM latest to introduce non-QM lending solutions
Brena Swanson
Non-QM products are becoming more normal for lenders as more and more step into the new lending territory. As the new entrants show, there is a definite demand.
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W.J. Bradley next to step into non-agency market

Introduces first program in new portfolio
Brena Swanson
W.J. Bradley Mortgage Capital is the latest lender to introduce non-agency products to the market with its new WJB | ONE portfolio.
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CFPB targets mini-correspondent divisions

Bureau reacts to growth of these mortgage bankers
Brena Swanson
Mini-correspondent lending divisions started to take off after the Consumer Financial Protection Bureau’s qualified mortgage rules went into effect on Jan. 10, creating a possible loophole for lenders and catching the CFPB’s regulatory eye.
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Is non-QM lending the future of housing?

Lenders begin offering non-agency products
Brena Swanson
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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Tips for closing a second home under QM rules

Approval requirements typically focus on these six questions
Marcus McCue
When considering the purchase of your second or vacation home, be sure to understand the mortgage lender’s eligibility requirements for categorizing the property as a second home.
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Former CFPB official: No special QM loophole

Raj Date gets into mortgage business
Jacob Gaffney
Date's consumer finance advisory platform and investment vehicle Fenway Summer is reportedly looking to buy Ethos Lending in order to get into the mortgage market. And he is already generating buzz through the sins-of-our-fathers assertion.
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