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CEO: The government wants you to make non-QM mortgages

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Mortgage Professional America | 10 Apr 2015, 05:00 AM Agree 0
The $1.2 trillion market is critical to the housing recovery's longevity and offers huge market potential as banks are retreating, according to the CEO of Parkside Lending at an industry conference in Denver Thursday.
  • Steven Ortega | | 30 Dec 2015, 04:31 PM Agree 0
    In your 2 examples of which mortgage appears riskier, you did not provide mortgage amounts. Doing the math with $50,000.00 income and 43 back end ratio, depending on the amount of consumer debt, they are looking at a mortgage amount of no more than $300,000.00. I'm assuming with $1M of income and a back end ratio of 55 the exposure will be significantly higher. I would say the Non-QM mortgage is riskier regardless of income and LTV.
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