Hello, LOs!
Executives from non-qualified mortgage lenders, traditional banks and loan officers will be descending on Dana Point, California this week to network and discuss a hot mortgage market that's beyond the clutches of Fannie and Freddie.
IMN's third annual Non-QM Forum comes amid a growing appetite for non-QM products, which you may remember essentially went belly-up in 2020.
Industry players such as Angel Oak Mortgage Solutions believe the non-QM market could grow as much as four-fold this year, with origination volume ranging between $70 billion and $100 billion. In 2021, S&P Global estimated non-QM volume reached $28.6 billion, which was just 0.7% of the overall mortgage market.
While the non-QM segment still is just a tiny slice of the mortgage pie, it's an interesting space. Some of the sessions at the forum this year include:
*Will No Income, No Job and No Asset (NINJA) loans make a comeback?
*What technologies are needed to close non-QM loans faster?
*What will the Consumer Financial Protection Bureau (CFPB) do next with the postponement of the new QM regulations?
HW Media CEO and Publisher Clayton Collins also will moderate a session on the way an increase in non-QM lending affects the housing market and discuss the rise of the single-family renter and institutional buyer and whether industry pros should be worried about D.C. rhetoric.
LOs, what non-QM trends have you been seeing this year? Could you see a return of NINJA – or NINA – loans?
Please send your thoughts to connie@hwmedia.com. And if you plan to be at the conference, please say hi - I'll be there!
Connie Kim
Mortgage reporter, HousingWire
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