Non-QM mortgage lending serves borrowers who do not fit the agency credit box but are financially capable, with recent data showing high credit scores and tightened risk parameters. Unlike the stigmatized subprime lending of the past, non-QM underwriting considers a borrower's actual financial situation beyond traditional documentation. Regulatory changes like the Credit Risk Retention Rule ensure lenders retain skin in the game, preventing a repeat of the 2008 crisis.
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Ali NematiWritten by Ali
