Mortgage rates, loan limits and forbearance

We cover the increase in conforming loan limits for Fannie and Freddie and what forbearance numbers and record-low rates could mean for the housing market.

Untying business growth from the housing market cycle

Lenders need business growth that is not linear and is not tied to the market cycles – leveraging automation technology can help.

The practical use of AI for LOs

The combination of tightly-packed schedules and intensive oversight means augmenting loan officer’s efforts with intelligent systems is more relevant than ever.

HousingWire's 2020 Tech Trendsetters

This year’s list of Tech Trendsetters certainly earned their status as the industry was met with incredible challenges and new opportunities.

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Why it’s still important to offer non-QM products

Despite the brief pause earlier this year, non-QM lending hasn't gone away

Non-QM lending took a brief pause earlier this year due to the pandemic causing a flight to cash in the bond market, but the non-QM borrowers and investors haven’t disappeared.

While 2020 has seen record volumes, low rates and profits, originators understand that’s not going to last forever. According to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, this is a great opportunity for an originator to build their non-QM expertise and build that purchase market.

The top non-QM product right now is the bank statement loan, for quality, self-employed borrowers whose tax returns don’t reflect their ability to repay a mortgage. Angel Oak also has a professional investor loan product, where they qualify the borrower based on the property and the income that the property will generate rather than the investor’s income.

In the future, Hutchens anticipates that non-QM products for borrowers with credit blemishes will also be in high demand.

For more information on Angel Oak’s non-QM lending, visit their site here.

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The downside of the hot 2020 housing market: rapid home-price growth

The mismatch in the COVID deflationary impact toward the economy overall and the strength of the housing market due to demographics makes for a troubling formula for home-price growth, which we are seeing. The recent NAR existing home sales report showed 15.5% year-over-year growth in prices. HW+ Premium Content

Nov 30, 2020 By
3d rendering of a row of luxury townhouses along a street

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