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Non-QM

Non-prime residential mortgages underpin $298.9 million in RMBS

Atlas SP, Barclays, Non-QM, RMBS /

A pool of first-lien, non-prime mortgages will provide collateral for $298.9 million in residential mortgage-backed securities (RMBS) that Blue River Mortgage is bringing to market. Known as GCAT 2025-NQM7 Trust, the transaction is expected to close on December 3, and has a meaningful concentration of non-qualified mortgages, including 23.6% considered non-QM; 37.7% that are safe […]

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Newrez wholesale leader Tony Kottenbrock talks about growing non-QM

closed-end seconds, HWmember, Mortgage, NewRez, Non-QM, Origination /

Non-QM production at multi-channel mortgage lender Newrez has surged 40% in recent months, with company leaders pointing to enhanced guidelines and growing demand for second mortgages as key drivers of record-breaking wholesale production. Coming off of the company’s Q3 2025 earnings report on Thursday, Tony Kottenbrock, Newrez‘s head of wholesale, sat down with HousingWire to

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How Trump’s immigration policies reshape mortgage strategies

Hispanic homeownership, HWmember, International buyers, LendingLife, Loan Officer, Mortgage, Non-QM, Origination, Trump administration /

Loan officer Elizabeth Galan, who works for UMortgage in Cincinnati, has had to pivot her business strategy in 2025. Galan focuses on serving Hispanic borrowers — about 80% of her clients — in cities like Cincinnati and Dayton, Ohio, as well as northern Kentucky. Many of them hold non-permanent resident status, meaning they live in

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

Contributors, Mortgage, Non-QM, Opinion, Origination, Refinancing /

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

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

Contributors, HWmember, Mortgage, Non-QM, Opinion, Origination /

If you’ve ever been told “you don’t fit the box” even though you can comfortably afford the payment, you’ve felt the limits of traditional mortgages. Non-QM loans exist for exactly that situation. “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

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Non-QM lender Griffin Funding unveils AI-driven underwriting platform

Artificial Intelligence, Griffin Funding, HWmember, LendingLife, Loan Officer, Mortgage, Non-QM, Origination, Technology, Underwriting /

Griffin Funding has launched an internal artificial intelligence-driven platform designed to help loan officers navigate the complex world of non-QM lending. The tool, known internally as “LIA,” pulls hundreds of pages of program guidelines into a single system and uses AI to deliver tailored answers to loan qualification questions, according to Chloe Shubin, vice president

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Acra Lending appoints Shawn Stone new CEO

Acra Lending, HWmember, Mortgage, Mr. Cooper, Non-QM, Origination, People Movers /

Non-QM lender Acra Lending announced on Monday the appointment of Shawn Stone as chief executive officer. Stone succeeds Keith Lind, who transitions to Chairman of the Board. Stone, who brings over 25 years of executive experience in financial services to the role, most recently was CEO and board member at LendingPoint, an Atlanta-based online loan

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LoanLogics finds persistent 11.5% error rate in US mortgage files

HWmember, Loan buybacks, LoanLogics, Mortgage, Non-QM, quality control, Technology /

Audit software and automation solutions company LoanLogics announced Tuesday that 11.5% of all U.S. mortgage file content was missing or erroneous over the past 10 years, according to an analysis of internal data. LoanLogics provides technology used to originate, manufacture, audit and service loans. Its systems process more than half of all U.S. mortgages each

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The Non-QM revolution: Redefining homeownership in the modern economy

Contributors, HWmember, Mortgage, Mortgage Rates, Non-QM, Opinion, Origination /

The U.S. mortgage market is undergoing a tectonic shift, and Non-Qualified Mortgage (Non-QM) lending is at the epicenter of this transformation. Once viewed as a niche or transitional product, non-QM lending now represents around 5 percent of today’s mortgage market, according to a recent CoreLogic report. Far from another risky expansion of lending standards that

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Logan Finance promotes Dave Weatherford to TPO executive role

HWmember, Mortgage, Non-QM, People Movers /

Nonqualified mortgage (non-QM) lender Logan Finance Corp. on Thursday announced the promotion of Dave Weatherford to Executive Vice President of TPO Production, effective immediately. The promotion follows Logan Finance’s launch of its new Open Road product series, announced in June. The series, which expands upon Logan’s preexisting non-QM offerings, involves seven specialized Non-QM mortgage solutions designed

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