Santander Bank is sponsoring the issue of its third non-qualified mortgage (non-QM)/investor loan securitization this year.

The RMBS transaction is backed by first-lien, fixed- and adjustable-rate, fully amortizing residential mortgage loans, some ...

Live Rates dashboard now shows 30-year jumbo pricing at 6.250 % (6.513 % APR) and a new calculator that streams investor ...

Mortgage lenders can utilize non-QM loans to serve a wider group of borrowers with non-traditional income sources.

A 40-year mortgage offers additional flexibility in exchange for paying more in interest over the life of the loan and taking ...

There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans.

First Citizens Bank offers a wide variety of mortgage options, including specialty loans for physicians, rural buyers and home renovators. The lender also offers VA and USDA loans with low or no down ...

Another type of loan, the non-qualified mortgage, uses alternative documentation of income. Instead of demanding your tax returns, a non-qualified (or non-QM) lender asks for bank statements or ...

Brookfield has acquired a 50.1 percent majority stake in Angel Oak Companies, a mortgage lender and investor managing over $18 billion in assets and specializing in non-qualified residential ...

A qualified mortgage is a mortgage that meets certain requirements for lender protection and secondary market trading under the Dodd-Frank Wall Street Reform and Consumer Protection Act ...

That’s because they’re non-qualified mortgages (non-QM), meaning they aren’t backed by Fannie Mae and Freddie Mac, so there’s less protection for lenders and borrowers.

Some homebuyers who need more flexibility when applying for mortgages could benefit from a non-qualified mortgage, or a Non-QM loan, Cohn said. Such loans verify income differently.