DocMagic – Verus Document Plan Codes

Non-QM vs Non-Agency 2.0 – What You Need to Know

For more than a century, homeownership has been the bedrock of the American Dream. And home mortgage finance, in turn, has been contoured by the path of American history. This evolution, frequently in response to and occasionally the cause of major historic events, continues to this day with the re-emergence of the non-agency 2.0 market.Read More

Verus Mortgage Capital was the Largest Non-Agency RMBS Issuer in 2023

Washington, D.C. – March 15, 2024 – Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor rental programs, was the top issuer of non-agency mortgage-backed securities last year. In 2023, the non-QM sector was the largest subsector of the non-agency space representing roughly 40% of total issuance. A recent ranking byRead More

A Comprehensive Guide to Closed End Second Lien Mortgages

In the world of mortgage finance, closed end second lien mortgages have emerged as a valuable solution for borrowers seeking access to funds. Homeowners can use the money from their home’s equity for repairs, tuition, renovations, or debt consolidation. These mortgages are flexible and affordable. This blog post explains closed end second lien mortgages, sheddingRead More

comment-alt-dotsflipgeometric-patternmoreverus-logoverus-mverus-v-purple-bgverus-v-purple-bgverus-vverus-v-red-bgverus-v