“We were told Bill didn’t want to waste anymore time or money with us; we are $40 million a month in volume nationally and he’s looking to finalize a deal for a $250 million per month,” said one of the people let go. Everyone is disappointed and upset and angry, we were told Bill was going to re-engage with his Wall Street buddies and focus on non-QM lending next year,” that source added. Another source said: "Once the acquisition is in place they may offer to bring us back into the fold, but that's probably just lip service." Most Popular Articles. The Consumer Financial Protection Bureau announced Monday two notices of proposed rulemaking surrounding what’s commonly known as the QM Patch. One of those would remove the debt-to-income requirement.
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