Items Tagged with 'non-QM'

ARTICLES

  • Angel Oak plots expansion in non-QM correspondent lending

    Brings on four new executives to lead growth effort
    Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last several years. And now, the company is set to grow again. Angel Oak announced this week that it is planning an expansion of its correspondent lending channel.
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  • Non-QM commercial product expands opportunities for brokers and correspondents

    Citadel Servicing's ODF+ program designed for multifamily properties with no lender points and DSCR of .75 to 1.0
    Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Will Fisher, senior vice president of loan origination at Citadel Servicing, to learn more about Citadel's Non-QM product, ODF+ program. 
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  • PIMCO hits secondary market with first non-QM mortgage bond offering

    $382.45 million deal contains loans originated by Capital One
    PIMCO, once a major player in the secondary mortgage market, is making a new mortgage play, as the bond giant is about to enter the secondary market for loans that don’t fit into the Qualified Mortgage box with a $382.45 million mortgage bond offering backed by loans originated by Capital One.
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  • Non-QM lending on the rise with two more lenders expanding their offerings

    NewRez and LoanStream Mortgage increase non-QM presence
    Borrowers who do not fit into the Qualified Mortgage box now have an increasing number of options when it comes to finding a lender willing to help them buy a home. Recently, New American Funding and Plaza Home Mortgage increased their offerings and expanded into non-QM lending. Now, two more lenders are increasing their presence in the non-QM lending space: NewRez and LoanStream Mortgage.
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  • New American Funding expands into non-QM lending

    Will use "alternate methods of income verification"
    One of the top lenders in the country is now offering mortgages to borrowers who do not fit into the Qualified Mortgage box. New American Funding announced Tuesday that it is expanding into non-QM lending, joining a growing group of lenders that are offering mortgages to "non-traditional" borrowers.
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  • Plaza Home Mortgage expands non-QM lending for mortgage brokers

    Now offers “flexible income documentation” requirements
    Mortgage brokers and correspondent lenders now have expanded options when it comes to lending to borrowers who don’t fit into the Qualified Mortgage box. Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program to “allow brokers and correspondent lenders to qualify more non-traditional borrowers.”
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  • WSJ: Mortgage market sees resurgence of unconventional loans

    Non-QM loans gain market share, and some say this is a worrisome trend
    Unconventional loans are on the rise, according to an article in The Wall Street Journal, and this could be a problem, as "a flavor of mortgage once panned for its role in the housing meltdown a decade ago is making a comeback." While traditional mortgage volume has been lagging, non-QM volume has taken off, and some say this could be a major risk for the housing market.
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  • This is where seasoned LOs see the biggest opportunity

    Survey reveals trends and challenges impacting mortgage origination
    Most mortgage originators are worried that loan production expenses will increase while volume will decline, and they’ve pinpointed five areas of the market they think present the most opportunity in the year ahead. Here's what they said.
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  • Deephaven Mortgage launches new non-QM tool with LoanScorecard

    The new tech will smooth out the origination and qualification processes for non-QMs
    Deephaven Mortgage is launching a non-qualified-mortgage point-of-sale/pre-qualification tool called IDENTI-FI AUS to simplify the origination and qualification processes for Non-QMs. Now is a good time to be an originator in the Non-QM as Non-QM lending has been enjoying a big uptick in popularity this year, more than doubling production this year, according to LoanScorecard’s statement.
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  • LoanStream Mortgage plots expansion, plans 30-state hiring spree

    California lender offers traditional, non-QM loans
    LoanStream Mortgage, a California-based mortgage lender that specializes in wholesale lending through mortgage brokers and consumer direct lending through a series of branches, is planning a serious nationwide expansion. The company announced Tuesday that it is plotting a 30-state expansion and plans to hire a boatload of mortgage professionals to lead that growth.
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