Tagged: Non-QM
Continues westward expansion as company grows to 47 branches.
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.
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?
Program offers both fixed and adjustable-rate mortgages.