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In a blog post, Rohit Chopra says the goal is to “more clearly communicate the agency’s expectations.”

Of the loans in the pool of 673 loans with a balance of approximately $357.4 million, 54.5% are designated as Non-QM.

There are two trends locking homeowners in place and preventing much-needed housing supply from reaching the market.

Rising interest rates and building material supply-chain disruptions act as significant headwinds on the housing market.

Rising mortgage rates cause home sales to fall in May for only the second time on record, while home prices saw the smallest May increase on record.

Focus for Non-QM lender is on account executives.

CEO confidence continues to decline