Non-QM

Last year was a record-setting year for many companies in the mortgage lending space, especially for the Angel Oak lending platform that consists of Angel Oak Mortgage Solutions and Angel Oak Home Loans.

The underlying collateral, comprising 817 residential mortgages, is characterized by a notable concentration of alternative income documentation; 64.2 % of the loans were categorized as non-QM.

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Fitch Ratings assigned U.S. primary servicer ratings for non-QM lender A&D Mortgage LLC. The ratings provided show a stable outlook for the company.

CRM solutions provider, OptifiNow, announced its latest partnership with Irvine-based non-QM wholesale lender, NextUs Lending.

Yoon plans to evolve Excelerate from highly successful regional lender to a top national non-QM mortgage bank.

As the industry continues its shift to the purchase market, diversifying the services you provide has never been more important. So, with a number of options out there, are non-QM loans a stable option for originators?