Why it is a Great Alternative for Borrowers By Jennifer McGuinness In the current and ever-changing market environment, it is important to understand the different financing options available to borrowers. Non-QM Programs offer a wide range of flexibility and underwriting criteria. These loans are available for the financing of primary residences, second homes and investment properties, but many do not know what non-QM means or how to get started. What
Is the Fed Trying to Cool Down a Hot Housing Market? By Jennifer McGuinness Federal Reserve Governor Christopher Waller has stated “The housing market is definitely out of whack,” and even shared a personal story about how he recently sold his St. Louis home to an all-cash buyer with no inspection. He was further quoted as saying, “We’ll see how the interest rates start cooling things off going forward.” Low
Will diligence standards degrade based on competition and lack of inventory? by Jennifer McGuinness Currently, there are approximately 49 million rental units occupied in the United States of which, approximately 12 million are Single Family detached rental homes and 2.8 million are leased townhomes. Most of these units are existing homes on scattered lots versus new construction. To date, over 5 million homes have been converted from owner occupied properties