Jun 1, 2018
At the MBA Secondary Marketing conference last week, it was apparent that investor appetite for non-QM loans is growing at a brisk pace. Qualified mortgage applicants are getting harder to find and the market potential for non-QM borrowers is only growing.
It’s estimated by many that the huge swath of would-be non-QM borrowers are likely the future of the mortgage industry. Growth in non-QM lending is predicted to grow by over 400% next year. It’s reasonable to associate increased non-QM lending with a stable NPL and RPL business for the foreseeable future.
Joining the podcast to discuss the non-performing asset space is Tom Constantine, Executive Vice President and Chief Credit Officer at BofI Federal Bank. Prior to joining BofI in 2010, Tom was a senior examiner with the Office of Thrift Supervision. BofI Federal Bank is unique in that it is a branchless bank with over 10 billion in assets.