Lack of Non-QM Demand: “Big Misunderstanding”

Lack of Non-QM Demand: "Big Misunderstanding"

Fisher believes the definition of non-QM borrowers needs to be broadened. “As you know, interest-only is unique to this space,” he continued. “So you will probably find that there are borrowers who didn’t refinance in the good times or didn’t get the best possible interest rates in the good times. A broader set of conditions … Read more

make every effort to find a borrower

make every effort to find a borrower

The projected downward trend shows originations falling from $2.26 trillion to $2.05 trillion. Forecast for 2022Companies actively trying to get ahead of the trend curve have focused on adapting, improvising and evolving, focusing on previously underserved markets. In moving to Non-QM, mortgage brokers must first educate potential borrowers and alert them to the opportunities that … Read more

make every effort to find a borrower

make every effort to find a borrower

The projected downward trend shows originations falling from $2.26 trillion to $2.05 trillion. Forecast for 2022Companies actively trying to get ahead of the trend curve have focused on adapting, improvising and evolving, focusing on previously underserved markets. In moving to Non-QM, mortgage brokers must first educate potential borrowers and alert them to the opportunities that … Read more

America Mortgages Launches No Ratio Program for International Investors

America Mortgages Launches No Ratio Program for International Investors

“What’s unique about this program is that renters don’t have to provide proof of personal or rental income,” said Robert Chadwick, CEO of America Mortgages. “Unlike the normal or standard non-QM mortgage underwriting requirements, which are based on tax returns, salaries, rental income, or various other ways of documenting income, America Mortgages’ No Ratio mortgages … Read more