Welcome to Fact Boss
Market Opens Back Up for Iffy Borrowers

Market Opens Back Up for Iffy Borrowers

Non-QM lenders must do the same. But they often stretch the box -- sometimes more than a little -- based on the borrower’s credit score and loan-to-value ratio, as opposed to debt-to-income ratio. Quontic Bank is just one of many non-QM lenders. Meanwhile, the CFPB has proposed allowing non-QM loans to become qualified mortgages three years after their origination if they meet certain qualifications. The objective, the bureau says, is to “incentivize” more lenders to make non-QM loans they otherwise might not.

About Us

Nothing but the facts. Unlock knowledge and tap into your inner nerd with these great facts.

Subscribe to our newsletter and offers from our partners!