General World News

The big nonbanks stir up a non-QM turf war


As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. 

Some three dozen non-QM securitizations sponsored by about two dozen different entities have made their way to bond-rating firms so far in 2022. This year’s non-QM volume numbers are impressive, up nearly threefold over the first three months of this year, compared with 2021. The figures are drawn from the prime and nonprime (or non-QM) residential mortgage-backed securities deals tracked by Kroll Bond Rating Agency (KBRA). 

Year to date as of March 25, a details ⇒

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