Non-QM Lending Is Making A Comeback
Housing Wire just published an article, “Non-QM Lending Is Making A Comeback” that talks about the growth of non-QM in 2021. As the economy continues to recover, non-QM will as well with more people able to purchase homes. Many people who were affected financially by the pandemic might not qualify for a home loan under tight Agency guidelines. Non-QM is the solution for these borrowers who are eligible.
Mike Fierman, managing partner and co-CEO of Angel Oak, is quoted with his expectations for the non-QM market in 2021. It’s looking good!