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 Non-QM Lending Is Booming—and Where It’s Headed Next
Explore why non-QM lending is booming in 2025, driven by rising borrower demand, strong market resilience, and strategic growth opportunities with Verus Mortgage Capital.
Verus Mortgage Capital Maintains Leadership as a Top Non-Agency RMBS Issuer in 2024
Washington, D.C. – March 10, 2025 – Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor rental programs, reaffirmed its position as a leading issuer of non-agency mortgage-backed securities last year. VMC specializes in expanded credit/non-QM and investor rental loan programs and financed 12 deals totaling more than $6.5 billion. SinceRead More
Lenders: Approve Self-Employed Borrowers Without Standard Docs
Since the advent of the home lending process as we know it today, self-employed borrowers have historically faced significant obstacles when seeking mortgage approvals. These individuals now represent nearly 10% of the U.S. workforce as of 2024 and contribute substantially to the nation’s overall economy. Yet their unique financial situations often place them outside theRead More