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fromwww.housingwire.com
1 week ago

Bank statement loans: More mortgage options for self-employed buyers and homeowners as rates ease

Bank statement loans let self-employed or commission-based borrowers qualify for mortgages using 12–24 months of bank deposits and cash-flow documentation instead of W-2s.
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fromwww.housingwire.com
3 months ago

Here's why non-QM earned its place at the mortgage dinner table

The non-qualified mortgage market has experienced significant growth since its introduction nearly a decade ago. 10 years in, credit ratings agencies regularly release performance metrics for investors, which provide remarkable insight into this extremely versatile asset class. In a recent default study on non-QM performance over the years, for example, KBRA analysts note that non-QM loans faced tremendous macroeconomic uncertainties, from the recent era of high interest rates to the COVID-19 lockdowns, and yet continue to perform above and beyond expectations.
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