Is Investor Appetite For Non-QM Changing?
Managing Partner of Angel Oak Lending Steven Schwalb talks to HousingWire about real estate investors and their continued need for non-QM, even with the constant changes in the market.
When asked why so many lenders are now looking to non-QM products and why is it so important to work with the right non-QM lender, he simply stated “Non-QM is where we play, and we have laid a solid foundation as the leaders in non-QM. Angel Oak Mortgage Solutions focuses exclusively on non-QM and we have been setting records in volume. As an organization, Angel Oak has originated over $12B in non-QM. Recently we have seen an increased focus on non-QM, which has led a number of Agency lenders attempt to get into the space.”