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 broad definition of "non-QM" means billions of dollars are being left on the table
The non-QM sector took a hit from COVID-19 – but it’s already recovering, and there are going to be more non-QM borrowers than ever on the other side of the pandemic, says one expert
The company says non-QM will be “an important and growing sector” of the mortgage market despite recent challenges
After suspending all lending in March, the company is dipping a toe back into originations
As the COVID-19 outbreak impacts businesses, the GSE is requiring additional documentation – potentially increasing the pool of prospective non-QM borrowers
The booming sector was brought to a near-standstill by the COVID-19 outbreak. Can it recover once the pandemic abates?