Items Tagged with 'non-Qualified Mortgage'

ARTICLES

  • 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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  • 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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  • 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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  • Angel Oak raises nearly $300 million to invest in non-QM lending

    Private capital fund ready to buy mortgages
    It appears that private capital’s interest in mortgages that don’t fit into the Qualified Mortgage box is growing. Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, announced this week that it raised nearly $300 million to invest in non-QM lending.
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  • Impac Mortgage raises $56 million to expand non-QM production, servicing portfolio

    CEO on future growth for Impac
    Impac Mortgage Holdings announced its second stock offering in roughly seven months as it plans to continue fueling its already growing servicing and non-qualified mortgage production. Impac’s involvement in non-QM production and servicing isn’t new, but as Joseph Tomkinson, chairman and CEO of Impac Mortgage, stated, both are growing.
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  • MountainView set to invest in “non-prime” mortgages

    Seeks to capitalize on underserved market
    “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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