What Does The Future Hold For Non-QM?
Tom Hutchens, executive vice president of production here at Angel Oak Mortgage Solutions, has been answering this question a lot lately. He’s featured in Mortgage Professional America discussing non-QM and what can be expected in the future. As the leader in non-QM, we are often the go-to source for market updates. Non-QM was paused – it did not go away and the future looks very strong for non-QM. The demand is there and always will be. We acted quickly to adapt our products to the changing market because of the pandemic. As always, we closely monitor and consistently update our products and technology to offer quality loans and close quickly. Our priority is responsible lending and excellent customer service.
Read the article, “What Does The Future Hold For Non-QM?”
The non-QM sector took a severe hit from the COVID-19 pandemic, with many non-QM lenders temporarily suspending originations as the outbreak’s economic impacts caused investors to shy away. But Tom Hutchens, executive vice president of production for Angel Oak Mortgage Solutions, told MPA that it’s not a question of if non-QM will see a resurgence, but when.
Hutchens acknowledged that the pandemic had put the brakes on non-agency business.Continue Reading