Miss this, miss out: Why non-QM loans are booming right now
In the current market, there's a surge in demand for non-QM products, particularly closed-end second mortgages and DSCR loans, as borrowers seek alternative financing.
PennyMac raises $850M in high-demand debt issuance
PennyMac's new senior notes, with a 6.875% interest rate maturing in 2032, aim to refinance existing lower-interest debt while addressing secured borrowings.
Non-QM loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership.
loanDepot's Dan Hanson on pursuing acquisitions as an IMB
Dan Hanson emphasizes that company owners should start contemplating a sale if they can't ensure a reasonable profit amid rising costs and a declining refinancing market.