Items Tagged with 'non-QM'

ARTICLES

  • Impac partners with Starwood Property Trust to significantly boost non-QM lending

    Deal will see Starwood securitize non-QM loans originated by Impac
    Over the last few years, Impac Mortgage Holdings has grown its lending to borrowers who don’t fit into the Qualified Mortgage box, but now, the lender is positioned to significantly increase its non-QM lending thanks to a new partnership with one of the nation’s largest mortgage real estate investment trusts.
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  • MBA Secondary: The industry's appetite for non-QM is growing

    In a tough market, harder loans present new opportunities
    One thing that stood out at the MBA Secondary Marketing conference this year was the growing appetite for non-QM loans. It’s a tough market, and the easy loans where borrowers neatly line up with qualified mortgage standards are harder and harder to find. That’s one reason the non-QM market is predicted to grow by 400% over the next year.
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  • Q&A: LoanScoreCard’s Ben Wu on the rise of non-QM lending

    Lending outside of the qualified mortgage box
    In a Q&A with HousingWire, Ben Wu, executive director of LoanScorecard, discusses the recent surge in non-agency/non-QM mortgage lending, the challenges in that market and how technology can be utilized to help lenders with these challenges. As Wu points out, “With more than 20 million sole proprietors in the U.S., there is pent-up demand for mortgage product that can accept income documentation other than the 'Appendix Q' requirement of QM loans.”
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  • Monday Morning Cup of Coffee: Private capital is returning to the mortgage market

    Plus, developments in affordable housing
    A few weeks ago, we asked if private capital was beginning to show more interest in the mortgage market. And now, we’re starting to see more signs that interest in mortgages that don’t fit inside the Qualified Mortgage box seems to be growing. Plus, big rental-related news out of New York and Minnesota. All that, and more, in your Monday Morning Cup of Coffee.
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  • Private capital interest in mortgages growing? Angel Oak closes its largest securitization

    More than 80% of loans are non-QM
    Earlier this year, Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, raised $291 million to invest in mortgages that don’t fit inside the Qualified Mortgage box. Apparently Angel Oak’s investors aren’t the only ones interested in non-QM loans. Angel Oak announced this week that it closed its largest securitization to date, a $328.78 million offering comprised largely of non-QM mortgages.
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  • Newfi Lending launches portfolio lending program for “difficult-to-qualify” borrowers

    Loan amounts up to $2 million and loan-to-value ratios up to 85%
    Newfi Lending, a growing mortgage lender and a portfolio company of global private equity firm Warburg Pincus, is expanding its lending platform and launching a portfolio lending program. The program, called Sequoia Portfolio Plus, will provide “exceptional flexibility for mortgage brokers and their client borrowers,” the company said in a release.
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  • DBRS: Non-QM loans to see comeback in 2018

    Lenders to create new products as refis fall
    As interest rates rise, mortgage refinances continue to fall, marking the possible beginning to a comeback in non-qualified mortgage loans, a new report from DBRS showed. But the decrease in mortgage refis isn’t the only reason DBRS is predicting an increase in non-QM loans.
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