The new program includes loan amounts up to $3 million and LTVs of up to 90%
The securitization pool consists mainly of non-QM loans
The new division is targeting loans of $1 million to $25 million
As borrower needs develop, non-QM lenders look to expand with new products
The status of deferred loans in non-QM securitizations is drawing scrutiny
The transaction will be the 11th Angel Oak securitization rated by Fitch
The loans in the pool were originated primarily by First Guaranty, Caliber and LoanStream
Making non-QM easy for originators is the key to expanding the space, says Tom Hutchens