What’s happening in the world of non-QM? Check out Verus Mortgage Capital’s blog for ideas and insights.
Top non-QM securitizer pushes volume to approximately $4 billion Washington, D.C. – June 12, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has finalized its 11th rated RMBS (residential mortgage-backed securities) transaction for $609.2 million. The transaction was comprised of 1,204 loansRead More
Washington, D.C. – June 6, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix-and-flip loan programs, has announced updates to its short-term business purpose that will simplify processes for lenders substantially. Verus’ expanded RTL program has several new benefits: Clarity for lenders on what the exact upfrontRead More
Largest INV transaction completed by investor Washington, D.C. – April 23, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has finalized its 10th rated RMBS (residential mortgage-backed securities) transaction for $372 million. Verus 2019-INV1 was VMC’s largest investor loan transaction to dateRead More
Download this white paper to learn about the innovative loan programs in the non-QM space, what’s driving this market’s significant growth and why you should become a part of it. Click to download the Verus white paper >>
Washington, D.C. – April 19, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has just launched a new website that has been completely redesigned to improve site visitors’ overall online experience. The new website, www.verusmc.com, features a fresh, modern design and includes a blog that offersRead More
Leading correspondent investor closes second largest non-QM MBS transaction in company history. Washington, D.C. – December 19, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has completed its seventh-rated RMBS (residential mortgage-backed securities) transaction for $442 million. The transaction is the second largest in VMC history,Read More
Leading correspondent investor was the largest issuer of Non-QM/Investor loans in 2018! Washington, D.C. – February 5, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has finalized its eighth-rated RMBS (residential mortgage-backed securities) transaction for $254 million. The transaction was VMC’s fifth securitization in 2018. TheRead More
In the years following the 2008 financial crisis, many aspiring homeowners found that lenders’ underwriting requirements had increased to such a degree that many creditworthy borrowers were finding it difficult or impossible to qualify. Just over ten years later, the underlying challenges apparently still remain. The Urban Institute recently reported that over 45 million U.S.Read More
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reveals that overall home price growth continues to show signs of slowing, a good sign for homebuyers looking to break into the market. However, many metro areas posted above average price gains, and affordability in those cities is a major concern. For example, pricesRead More
It certainly took some time, but a decade after the housing crisis, most analysts seem to agree that credit availability is slowly heading in the right direction. But if it seems like a large number of mortgage applications are still being rejected – many from creditworthy borrowers who simply don’t fit traditional guidelines – that’sRead More
“Today’s average American home buyer is young, educated and becoming increasingly more diverse.” – Zillow There’s little doubt that the U.S. borrower base is rapidly changing and becoming more diverse. That diversity includes millennials, self-employed, investors, foreign nationals, and those with imperfect credit. Yet, despite some loosening, conventional lending guidelines have failed to keep paceRead More
No matter how you view it, the traditional credit box is changing. The need for responsible risk management will not change, but the traditional process of evaluating whether borrowers are creditworthy – or not – is transforming. At Verus Mortgage Capital, we often hear from lenders who don’t think that traditional lending standards are keepingRead More
Verus Mortgage Capital Finalizes $489.6 Million Non-QM MBS Transaction Fast-growing correspondent investor closes largest non-QM MBS transaction in a decade Washington, D.C. – September 5, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has completed its sixth rated RMBS (residential mortgage-backed securities) transaction for $489.6 million.Read More
Five Residential Mortgage Experts Join Verus Mortgage Capital Verus adds experienced team of specialists to expand Residential Transitional Loan (RTL) focus and other Investor programs Washington, D.C. – August 29, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has announced the addition of Ketan Parekh, JosephRead More
Washington, D.C. – August 6, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM lending solutions, announced it has made updates to its Investor Solutions loan program. Loan amounts for all four of its Investor Programs increased from $2 million to $5 million. In addition, Verus’ bank statement programs and debtRead More
Verus Mortgage Capital Increases Loan Amounts to $5 Million for Multiple Non-QM Programs Investor also raises LTVs for Interest-Only Loans Washington, D.C. – July 10, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-prime lending solutions, announced increased loan amounts to $5 million for several of its non-QM programs, and higherRead More
Washington, D.C. – April 13, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-agency lending solutions, announced it has moved its Minneapolis operations group. VMC’s new space is approximately four times larger than its previous location with the opportunity to expand its square footage in the future. The move was aRead More