Items Tagged with 'Non-QM loans'

ARTICLES

  • Sound the alarm? Alt-doc loans have doubled in the last two years

    Fitch expresses caution about rise of alternative documentation mortgages
    After the housing crisis, the credit box shrank with the installation of the Qualified Mortgage lending standards. In recent years, some lenders have begun to expand on the credit box, as seen by a recent increase in non-QM lending. But that’s giving rise to some of the types of mortgage products that haven’t been seen since before the housing crisis, and one credit ratings agency is now expressing some concern about how risky some of those loans may be.
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  • Growing real estate player Pretium buying Deephaven Mortgage from Värde Partners

    Set to acquire non-QM lender
    Pretium already owns one of the nation's largest single-family rental operators and buys non-performing loans from the GSEs by the truckload, and now, the company is set to expand its presence in the mortgage business even more. Pretium announced Tuesday that it is set to acquire Deephaven Mortgage, a mortgage company that specializes in non-Qualified Mortgages, from Värde Partners.
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  • Trying to match staffing with production or acquisition volume? Outsourcing could be the solution

    Evolve Mortgage Services offers end-to-end solutions, including on-shore underwriting expertise, to help lenders scale
    Paul Anselmo, founder and CEO of Evolve Mortgage Services, explains how mortgage lenders are leveraging Evolve's expert outsourcing — including non-QM underwriting — to grow and scale their businesses.
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  • Plaza Home Mortgage rolls out new high-balance mortgage program

    Designed to "bridge the gap" between conventional and jumbo loans
    Plaza Home Mortgage, which recently expanded its non-QM lending program to "allow brokers and correspondent lenders to qualify more non-traditional borrowers," is expanding its mortgage offerings again. The California-based lender announced this week that it is rolling out a new high-balance loan program that mimics the "high cost" loan amounts established by Fannie Mae, Freddie Mac, and the FHA.
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  • [Pulse] We must improve the QM standard, and this is why

    With the GSE patch set to expire in less than 2 years, we need reforms that will even the playing field
    The industry should pay attention to bipartisan legislation that would permit lenders to move away from outdated, static requirements and instead document borrower income and debt through the government-approved methodologies already in place in the GSE guides or the FHA, VA, and USDA handbooks.
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  • Angel Oak plots expansion in non-QM correspondent lending

    Brings on four new executives to lead growth effort
    Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last several years. And now, the company is set to grow again. Angel Oak announced this week that it is planning an expansion of its correspondent lending channel.
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  • PIMCO hits secondary market with first non-QM mortgage bond offering

    $382.45 million deal contains loans originated by Capital One
    PIMCO, once a major player in the secondary mortgage market, is making a new mortgage play, as the bond giant is about to enter the secondary market for loans that don’t fit into the Qualified Mortgage box with a $382.45 million mortgage bond offering backed by loans originated by Capital One.
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  • Non-QM lending on the rise with two more lenders expanding their offerings

    NewRez and LoanStream Mortgage increase non-QM presence
    Borrowers who do not fit into the Qualified Mortgage box now have an increasing number of options when it comes to finding a lender willing to help them buy a home. Recently, New American Funding and Plaza Home Mortgage increased their offerings and expanded into non-QM lending. Now, two more lenders are increasing their presence in the non-QM lending space: NewRez and LoanStream Mortgage.
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  • New American Funding expands into non-QM lending

    Will use "alternate methods of income verification"
    One of the top lenders in the country is now offering mortgages to borrowers who do not fit into the Qualified Mortgage box. New American Funding announced Tuesday that it is expanding into non-QM lending, joining a growing group of lenders that are offering mortgages to "non-traditional" borrowers.
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  • Plaza Home Mortgage expands non-QM lending for mortgage brokers

    Now offers “flexible income documentation” requirements
    Mortgage brokers and correspondent lenders now have expanded options when it comes to lending to borrowers who don’t fit into the Qualified Mortgage box. Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program to “allow brokers and correspondent lenders to qualify more non-traditional borrowers.”
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