Early 2022 has seen agency mortgage rates return to pre-COVID levels and there are fewer borrowers eligible for refinances. In fact, The Mortgage Bankers Association has forecasted a 62% decrease in refinance activity this year. Housing demand continues to outpace inventory, and home values are increasing, making affordable housing nearly unattainable.

Originators who were extraordinarily busy during the last two years are looking for ways to generate new business to ensure continued volume and income. Non-QM is expected to make a resurgence this year, and originators should look toward non-QM lending to help restimulate their business. This white paper will cover the five key steps lenders and brokers can take to have a successful 2022 using non-QM.

Publisher: Angel Oak
Date: March 2022