- "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 4-traders.com (Mon, 5:38PM)
at 4-traders.com (Mon, 4:12PM)
at 4-traders.com (Mon, 4:11PM)
at Investor's Business Daily (Feb 20, 2015)
at Nasdaq.com (Dec 29, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs