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Non-QM
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?
Angel Oak Capital Advisors surpassed $10 billion in non-QM securitization issuance, after completing AOMT 2021-8, a $418.16 million non-agency securitization.
Incenter Appraisal Management will now offer remote appraisal services for non-agency/non-QM lender, Deephaven Mortgage.
Deephaven hired Steve Lemon as the company's senior vice president and national head of wholesale sales.
Fitch Ratings assigned its expected ratings to Angel Oak Mortgage Trust 2021-8, with more than 75% of the loan pool being designated as non-QM mortgages.