It is now 10/2/ 2014. Has anything happened with the legislation for non Fannie/Freddie Loans.

There are some mortgages being originated that are not being sold to Fannie Mae/Freddie Mac , however, they are still impacted by the federal regulation called Qualified Mortgage. That means that the lender may be at risk for fines and law suits. It would be hard to find these lenders and are most likely being originated by small or regional banks on short term bases or adjustable rate mortgages.

There has been no new news for HARP 3 which everyone is hoping will include non Fannie and Freddie loans.

No real changes in the last couple years legislatively.

What are you looking for? We offer a several Non-QM loans and have true portfolio loan products. Email me with your request.