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  • Freddie Mac takes aim at FHA with widespread expansion of 3% down mortgages

    It’s been more than three years since Freddie Mac rolled out a conventional mortgage that only required a 3% down payment for certain borrowers. But now, Freddie Mac is about to supercharge its 3% down program and launch a widespread expansion of the offering that puts Freddie Mac in direct competition for mortgage business with the FHA. Click the headline for the full story.

Items Tagged with 'Non-QM loans'


  • Private capital interest in mortgages growing? Angel Oak closes its largest securitization

    More than 80% of loans are non-QM
    Earlier this year, Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, raised $291 million to invest in mortgages that don’t fit inside the Qualified Mortgage box. Apparently Angel Oak’s investors aren’t the only ones interested in non-QM loans. Angel Oak announced this week that it closed its largest securitization to date, a $328.78 million offering comprised largely of non-QM mortgages.
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  • Newfi Lending launches portfolio lending program for “difficult-to-qualify” borrowers

    Loan amounts up to $2 million and loan-to-value ratios up to 85%
    Newfi Lending, a growing mortgage lender and a portfolio company of global private equity firm Warburg Pincus, is expanding its lending platform and launching a portfolio lending program. The program, called Sequoia Portfolio Plus, will provide “exceptional flexibility for mortgage brokers and their client borrowers,” the company said in a release.
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  • Angel Oak raises nearly $300 million to invest in non-QM lending

    Private capital fund ready to buy mortgages
    It appears that private capital’s interest in mortgages that don’t fit into the Qualified Mortgage box is growing. Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, announced this week that it raised nearly $300 million to invest in non-QM lending.
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  • What is the competitive advantage for non-QM lending?

    Find the need, fill the need
    The introduction of the Qualified Mortgage rule in January 2014 brought about the concept of non-QM lending, loans that do not meet agency requirements. Within the first year of the rule taking effect, lenders started to come out saying that they would originate non-QM loans. This is why that idea is a company positive.
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  • Network Funding unveils several non-QM lending programs

    Launches 'common sense' lending alternatives
    Network Funding, a private residential mortgage lending company, announced a series of new lending programs designed to "help people achieve financing that wouldn’t typically qualify for a mortgage due to typical guideline restrictions."
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  • On Q Financial launches non-QM lending program

    Seeks to fill gap created by regulatory standards
    According to the company, On Q Financial’s new program includes solutions for self-employed or recently retired borrowers, individuals with a short credit history or flawed credit from a past short sale or foreclosure.
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  • Lone Star invests $1 billion in high-risk Caliber loans

    New loans will target Alt-A and "high quality" subprime borrowers
    According to a report from Bloomberg Businessweek, after about $200 million worth of loans have been made, the debt will be packaged into bonds and sold, with the new fund, Lone Star Residential Mortgage Fund I, retaining the riskiest pieces, according to the materials. The company expects to provide investors gross returns of 15% after three years.
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