At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs) are communicating that the optional use period for the redesigned Uniform Residential Loan Application (URLA) form and corresponding datasets will not begin on July 1, 2019 as previously scheduled.
Why Now is the Perfect Time for Lenders to Add Non-QM
The rising demand for home financing options beyond the agency guidelines is meaningful in today’s mortgage market. That demand is being fueled…
How Non-QM Lending Helps You Compete In a Tight Housing Market
The housing market today is particularly challenging. Homebuyers are grappling with historically low inventory and strained affordability, while lenders…
How to Add Non-QM Lending Without Increasing Your Risk
The demand for non-QM lending is undeniable. Many borrowers remain outside traditional agency guidelines, such as self-employed…