Fort Washington-headquartered company sees serious momentum in the non-QM space
But report shows that problematic pockets of loans remain among self-employed borrowers
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?
The securitization brings Angel Oak’s total issuance to approximately $5.7 billion