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Non-QM loans offer opportunities for brokers

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Mortgage Professional America | 24 Sep 2014, 08:04 AM Agree 0
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 mortgages can’t be a profitable channel for brokers
  • MB | | 24 Sep 2014, 01:58 PM Agree 0
    Interesting how many of the upper management at Ethos are from the CFBP. They write the rule(s). Make sure Dodd-Frank is implemented and then set themselves up as a lender to do non-QM mortgages ...
  • Another MB | | 10 Oct 2014, 10:47 AM Agree 0
    One additional thing to consider regarding MB's comments above, is that Ethos is not doing anything any other lender couldn't do. As sales people, what we all do is to find out the rules and then figure out a way to maximize our gain within the rules. Change the rules, change your focus it is called survival. You may not think of it that way, but it is true nonetheless as long as it is within the rules set forth, knock yourselves out!
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