#alternative-documentation

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#non-qm-securitization #mortgage-backed-securities #loan-to-value-and-credit-metrics
Real estate
fromwww.housingwire.com
3 days ago

AD Mortgage announces $407M non-QM securitization

AD Mortgage launched a $407 million non-QM securitization backed by 979 primarily fixed-rate loans with diversified state collateral and alternative documentation.
fromwww.housingwire.com
8 months ago

What are Non-QM loans and who are they for?

Non-QM stands for Non-Qualified Mortgage. It sounds technical, but the idea is simple: fully documented loans for creditworthy people whose finances don't slot neatly into the narrow rules used by Fannie Mae, Freddie Mac, FHA, or VA. They are not the risky products from the last housing crisis. Today's Non-QM loans are fully documented, fully underwritten mortgages that use different paperworkand common-sense analysisto show you can repay.
Real estate
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