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The population of self-employed people will continue to grow which could mean that the number of borrowers who are self-employed will, too. Did you know that an estimated 30% of the workforce in the United States is self-employed? According to the Bureau of Labor Statistics, about 16 million Americans…
On Jan. 10, 2021, the Consumer Financial Protection Bureau’s (CFPB) “QM Patch” will expire, meaning that Fannie Mae and Freddie Mac will no longer be allowed to back loans for consumers with DTI greater than 43 percent. The impact on loan officers will be dramatic. Tom Hutchens is Senior Vice…
Our goal of going above and beyond to deliver more service, more technology, and more expertise certainly paid off in 2019. As a leader in the non-QM space, we do what leaders do – continuously grow and change to meet the needs of our clients in an ever-changing industry. We…
Tom Hutchens, Executive Vice President of Production, at Angel Oak Mortgage Solutions is featured in the latest issue of Originator Connect. Tom shares projections and information about the favorable market conditions we can look forward to in 2020. Non-QM is still the fasted growing segment in the mortgage industry and…
As a member of the Forbes Real Estate Council, I recently wrote about the tremendous future of non-QM lending and I believe my readers of my column in National Mortgage Professional Magazine may benefit from the insights I shared with the Forbes readers. Having witnessed non-QM’s evolution as a safe…
Our Jumbo Platinum program is even better with an exciting new change. We now offer cash out to 90% LTV! We created this program to help our clients capture more Prime Jumbo business. We have the solution when your borrower can’t get qualified through big banks. Talk to us…