The securitization pool consists mainly of non-QM loans
The new division is targeting loans of $1 million to $25 million
By expanding early after the crisis, the lender hopes for others to follow and help revive the non-QM space
The lender had halted non-QM originations in response to the COVID-19 outbreak
The court also rules on the agency’s leadership structure
The GSE Patch is currently set to expire in January 2021 – but the bureau's latest move could extend its lifespan
After grinding to a near-halt at the outset of the COVID-19 pandemic, non-QM lending is picking up steam once again
The broad definition of "non-QM" means billions of dollars are being left on the table