#mortgage-market

#mortgage-market

In the current market, there's a surge in demand for non-QM products, particularly closed-end second mortgages and DSCR loans, as borrowers seek alternative financing.

PennyMac's new senior notes, with a 6.875% interest rate maturing in 2032, aim to refinance existing lower-interest debt while addressing secured borrowings.

Non-QM loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership.

Pulte is reshaping the FHFA by cutting staff and closing divisions, which may undermine vital research into fair lending and mortgage market compliance.

Dan Hanson emphasizes that company owners should start contemplating a sale if they can't ensure a reasonable profit amid rising costs and a declining refinancing market.