- "Non-QM [mortgage lending] is a huge opportunity, the largest we've seen in 30 years," says a hedge funder at the ABS conference, as reported by Housingwire's Paul Jackson.
- Credit risk has always been a "moving target," says a non-bank mortgage lender, but the CFPB's qualified mortgage rule "cement(s) those lending boundaries, giving investors much more clarity on what can be done "outside the box."
- "There is a huge universe of people who right now sit outside of QM and can afford this kind of lending."
- Private label lenders/securitizers maybe set to benefit include Redwood Trust (RWT) and PennyMac Financial Services (PFSI +0.2%).
QM rule opens opportunity for non-bank lenders
From other sites
at CNBC.com (Aug 5, 2013)
at CNBC.com (Jun 10, 2013)
at CNBC.com (Apr 18, 2013)
at CNBC.com (Mar 11, 2013)
at CNBC.com (Aug 6, 2012)
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