Risky Mortgages Back 10 Weeks After Dramatic Crash

Orange County Register, June 4, 2020–Jeff Lazerson
Ten weeks ago, with the full force of COVID-19 converging on America, non-QM institutional buyers of these funded loans lost their nerve. They panicked. No sale was the sound! Just like that, there was nothing but a graveyard of unfunded risky mortgages. Few saw the non-QM comeback this quickly. (MBA mention)