Non-QM Lenders Are Racing to Stay Ahead of Rates

HousingWire, July 25, 2022–Bill Conroy
The non-QM lending world is in disarray, turned upside down in recent months as originators battle an unassailable force over which they have no control: fast-rising interest rates. It’s an ongoing battle, which already has been lost by at least two lenders, FGMC and Sprout. And warehouse lenders are wondering, “who’s next?”