Impac Mortgage Holdings Inc
Why more mortgage originators venture into the non-qualified space
The Consumer Financial Protection Bureau promulgated a list of requirements for a mortgage to be considered a qualified mortgage (or QM). On January 1, the new QM rules took effect.
Going public: Stonegate Mortgage acquires initial public offering
Stonegate is the first pure-play mortgage originator we’ve seen since the housing bust. Most pure-play originators ended up going out of business.