The notes are supported by 527 newly originated loans that have a balance of $272.4 million; 69.4% of the loans in the pool are designated as Non-QM,
Tagged: Non-QM
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The $387.9 million non-prime RMBS transaction is characterized by a notable concentration of alternative income documentation (87.7%).
Of the loans in the pool of 673 loans with a balance of approximately $357.4 million, 54.5% are designated as Non-QM.
Explorer Equity program offers flexible guidelines and expanded credit parameters for borrowers who may not otherwise qualify.
The $524.5 million non-prime RMBS transaction consists of mortgages originated by various lenders, including Castle Mortgage.
The Smart Series offers self-employed, others the opportunity to buy homes at fair price points through expanded guidelines.