Mortgage Insurer Launched to Provide Insurance on Non-QM Loans

It has been a minute (or two) since I last posted about non-QM loans, but some interesting news landed on my desk this morning. A new mortgage insurance company has been created specifically to handle credit risk on non-agency home loans. Today, Arch MI announced the launch of Arch Mortgage Guaranty Company, or “AMG,” created… Continue reading Mortgage Insurer Launched to Provide Insurance on Non-QM Loans

64% of Community Banks Are Currently Originating Non-QM Loans

A new survey from the Federal Reserve and the Conference of State Bank Supervisors (CSBS) revealed that the majority of community banks are already originating non-QM loans. This is somewhat surprising, given they’ve only recently come into existence, along with the uncertainty regarding liability. Still, 26% of survey respondents indicated that they were indeed making… Continue reading 64% of Community Banks Are Currently Originating Non-QM Loans

Only About a Fifth of Lenders Plan to Originate Non-QM Loans

It’s still pretty early days for the Qualified Mortgage rule, but a new survey from Fannie Mae revealed that most lenders don’t plan to take part in non-QM lending. Overall, 80% of respondents indicated to Fannie Mae that they “do not plan to pursue non-QM loans” or would simply “wait and see.” If you break… Continue reading Only About a Fifth of Lenders Plan to Originate Non-QM Loans

Attention Non-QM Lenders!

Does your bank or lender offer non-QM loans? If so, we’d like to hear from you ASAP. We know this niche is in its infancy, but we’re already aware of dozens of existing non-QM loan products and would like to know about all of them. Please send an e-mail to: help@nonqmloans (dot com) to share… Continue reading Attention Non-QM Lenders!