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Non-QM, Employment Opportunities, Ginnie Mae RBC Rule; Fed Rate Hike Reaction

All eyes have been on the Federal Reserve this year, but for independent mortgage banks, the focus has been on maximizing production and minimizing overhead in the face of higher rates and decreasing margins. In fact, the ability to offer unique and relevant products has helped keep the lights on at many companies. One of these products is non-QM, which will be discussed in a webinar today at 1pm EST hosted by Robbie Chrisman (Hey, that’s me! It’s been fun writing, editing, and p...
New York United States Rama Yanamandra Jim Bopp Homebot Katie Hoffman Faulk David Stephens

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Risky Lending Stages A Comeback

In the aftermath of the Great Recession, protections were put in place to eliminate bad mortgages. Lenders became much pickier on who could qualify for loans and laws were passed to ensure the world’s economy would never melt down again due to dangerous lending.  Fears are mounting, however, that riskier lending could be staging a comeback. 
David Stephens Sarah Mancini Ali Wolf National Consumer Law Center Housing Administration Mortgage Bankers Association

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