Latest / Mortgage Research Network Podcast
Non-QM Loans Aren’t Subprime. Here’s What They Really Are.
In this episode of the Real Estate Update Podcast, host Paul Centopani speaks with Mike Pearson, Senior Vice President at AD Mortgage and newly named President of the Florida Association of Mortgage Professionals, about what non-QM loans really are and why they should not be confused with subprime lending. Mike explains how non-QM mortgages fall outside certain qualified-mortgage requirements and why borrowers may use them when their income or documentation does not fit neatly within conventional lending guidelines.
The conversation also explores who typically uses non-QM financing and why…
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