Non-QM
Nearly 74% of the pool of 1,139 residential mortgages are designated as non-QM loans.
The $408.9M non-prime RMBS transaction includes 904 residential mortgages characterized by a high concentration of non-QM loans.
Union Home Mortgage names new VPs of national sales, national business development, and retail sales-East Division.
New non-QM wholesale lender anticipates a boom in alternative loan products as rates climb and applications fall..
They will help produce, manage, and originate loans for homebuyers in the Greater Birmingham area.
The $351.4 million non-prime RMBS transaction is sponsored by New Residential Investment Corp.
This was the company’s eighth securitization, as well as the 30th residential securitization overall completed under its affiliate’s shelf.