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 publishing this commentary in its entirety the past three weeks with my dad on vacation. I’ve enjoyed hearing from many of you). Webinar panelists will dive into strategies, compliance, how they are performing, and what the future looks like for non-QM. One other current concern in the industry is Ginnie Mae’s Single-Family Applicant and Issuer Financial Eligibility Requirements , which were announced last month and have caused consternation for Ginnie Mae issuers and potential issuers. There’s more on this subject below, and today’s podcast, available here , includes a discussion with Seth Sprague and Mignonne Davis on the current servicing landscape and how the Ginnie Mae risk-based capital rule is impacting servicers. (This week’s podcast is sponsored by Richey May , a recognized leader in providing specialized advisory, audit, tax, technology and other services in the mortgage industry and in banking.) Lender and Vendor Services and Products
Source: Mortgage News Daily