Items Tagged with 'non-QM lending'

ARTICLES

  • LoanStream Mortgage plots expansion, plans 30-state hiring spree

    California lender offers traditional, non-QM loans
    LoanStream Mortgage, a California-based mortgage lender that specializes in wholesale lending through mortgage brokers and consumer direct lending through a series of branches, is planning a serious nationwide expansion. The company announced Tuesday that it is plotting a 30-state expansion and plans to hire a boatload of mortgage professionals to lead that growth.
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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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  • 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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  • 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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