Entering text into the input field will update the search result below

QM rule opens opportunity for non-bank lenders

Jan. 22, 2014 12:18 PM ETRedwood Trust, Inc. (RWT) StockRWT, PFSIBy: Stephen Alpher, SA News Editor1 Comment
  • "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 (NYSE:RWT) and PennyMac Financial Services (PFSI +0.2%).

Recommended For You

About RWT Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
RWT--
Redwood Trust, Inc.