LOs urged to go non-agency in monthly Town Hall
Tagged: non-QM loans
Loan officers' survival, that is.
But it does not expect the resurgence of Non-QM loans to result in an 'extensive deterioration in performance' similar to 2008.
Loans in the $227M pool were all originated by Change, a Community Development Financial Institution.
The notes are supported by 910 loans with a UPB of approximately $420.7 million acquired by Annaly Capital Management.
The pool includes fixed and adjustable-rate loans acquired by Annaly Capital Management Inc.
BRAVO 2022-NQM3 notes are supported by 920 loans with a total interest-bearing balance of approximately $387 million.
In the nearly $346 million RMBS transaction, 58% of the loans are categorized as Non-QM.
The OBX 2022-NQM5 Trust notes are supported by 747 loans totaling $390.8M.
After falling to a 2% share of the market during the pandemic, Non-QM loans have rebounded to a 4% share in the first three months of 2022.