New independent loan officer, have a question about this refi boom
I am experiencing many non-QM lenders are raising rates and in some cases disallowing new applications. why is this happening? by brendab.loans366 from Newfield, New Jersey. Mar 26th 2020
Dan Paladin (dpaladin)
#357 ranked lender in California - 792 contributions
Secondary market is gone....meaning no one to buy the loans. Lines are being cut off. So NON-QM is drying up...most are out of business. Who knows if any will remain.
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