Competition Drives Warehouse Lenders to Fund Non-QM Loans

Aug 6, 2014, 14:57 PM by User Not Found
UWM uses a warehouse line to fund non-QM loans and has rolled out products like the Big and Easy Plus", a jumbo program that allows borrowers with a FICO score above 740 to get a mortgage with a loan-to-value ratio of up to 75% and a debt-to-income between 43.01% and 49%.

UWM uses a warehouse line to fund non-QM loans and has rolled out products like the Big and Easy Plus", a jumbo program that allows borrowers with a FICO score above 740 to get a mortgage with a loan-to-value ratio of up to 75% and a debt-to-income between 43.01% and 49%.

Read the full article on National Mortgage News-Origination News
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