HousingWire queried more than half a dozen non-QM lenders with a series of questions about the spiraling rate crisis now plaguing the housing market. Here's what they said.
One of the nation’s largest non-QM lenders, Angel Oak Mortgage Solutions, continues to grow based on the overwhelming need for non-QM across the nation. The company is proud to announce the hiring of six account executives to the Angel Oak family: Jacob Kennedy - Portland, Oregon Tiffanie Alavezos - San Diego, California Timothy Hagood - San Diego, California Kimberly Allbritton - Baton Rouge, Louisiana Vanessa Schillt - Raleigh, North Carolina Grady Cash - Tulsa, Oklahoma
Chasing purchase business, the big IMBs are moving into non-QM products. The legacy lenders in the space say their new competitors won't be able to do it at scale.
As I head to Northern California, and mourning the loss of Meatloaf, I’m thinking, “Dang. I guess that I shouldn’t have put my entire 401(k) into Peloton stock a year ago,” a great combination of home exercise and technology. Brad Paisley sang, “…And I'd have given anything to have my own PacMan game at home. I used to have to get a ride down to the arcade, now I've got it on my phone.” Mortgage loan originators can’t do anything about interest rates, but they can do something about their service & technology they use. Technology is roaring ahead, whether you’re on board or not, and it is certainly roaring ahead in other, non-mortgage areas. Do you have your digital driver’s license? Using your face for a boarding pass? Try The Frostbite Alert Coat. The faux fur-lined coat has a patch on it that tells you when temperatures are too dangerous for your pet so you can prove to them it'