QM news

  • Huge investment firm buys nonprime lender by

    An investment firm plans to invest more than $300 million in home loans made to U.S. borrowers with poor credit.

  • ​Sandi Sicilia : Keeping Pace with the Changes by MPA

    Not all regulation is bad, says Gateway Funding’s Sandi Sicilia. The problem with the current regulatory environment is that it lacks clarity and consistency – and too much regulation has led to deserving borrowers being turned away

  • Non-QM loans offer opportunities for brokers by

    With the advent of the CFPB’s qualified mortgage rule in January, many originators worried that QM restrictions would deal a deathblow to their businesses. But with the proper precautions, there’s no reason why non-QM loans can’t be a profitable channel for brokers

Poll

Should CFPB have more supervision over credit agencies?