What’s happening with Non-QM loans? Are more borrowers finding themselves in unconventional employment situations or is the industry looking for a new product?
Tagged: Non-QM
Program offers both fixed and adjustable-rate mortgages.
Residential mortgage-backed notes supported by 573 loans with a total interest-bearing balance of $270 milllion.
Certificates are supported by 909 loans originated by A&D Mortgage with a balance of approximately $392.11 million.
The certificates are supported by 747 loans with a balance of $394.59 million; of the loans, 66.4% are designated as Non-QM.
Lenders and industry analysts disagree on how much non-QM loans will grow.
OBX 2022-NQM4 Trust is a $457.3 million non-prime residential mortgage-backed securities transaction.
The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.
With a balance of $346.1 million, the New Residential Mortgage Loan Trust notes are secured mainly by Non-QM loans.