Who Needs Non-QM Loans?

Non-QM loans offer critical flexibility for the self-employed, investors and more.

In an article published in the May issue of MReport titled, “Who Needs Non-QM Loans?" Greg Austin, EVP, Mortgage Lending for Carrington Mortgage Services, says that although location is widely recognized to be of critical importance in real estate, flexibility may be just as important to the mortgage industry. However, finding that flexibility has been difficult for many years, as rigid loan guidelines and regulations have dominated originations, curtailing who is considered a “qualified” borrower, and creating demand for loan products that can serve those borrowers who fall outside these parameters. That's why non-QM lending is a growing niche.
Read the article on the MReport website here.