If you’ve ever been told “you don’t fit the box” even though you can comfortably afford the payment, you’ve felt the limits of traditional mortgages. Non-QM loans exist for exactly that situation. “Non-QM” stands for Non-Qualified Mortgage. It sounds technical, but the idea is simple: fully documented loans for creditworthy people whose finances don’t slot […]
What are Non-QM loans and who are they for? Read More »
The rise of artificial intelligence has sparked both speculation and angst over what it might mean for mortgage professionals in the future, but the answers might be more encouraging than some expect. Historically, advances in automation eventually brought transformations seen during the Industrial and Information Ages, which were marked by the elimination of certain positions.
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Federal Reserve Governor Lisa Cook described an Atlanta property at the center of a lawsuit over her attempted ouster as a “vacation home,” according to documents viewed by Bloomberg News. The May 28, 2021, loan estimate was issued by a credit union to Cook weeks before she ultimately purchased the home. The document shows she
Fed’s Cook called Atlanta property a vacation home, records show Read More »