Tag Archives: underwriting criteria

Lenders Wonder: What To Do About Qualified vs. Non-Qualified Mortgages?

At the beginning of 2014 rules went into effect that differentiated between qualified mortgages (QM) and non-qualified mortgages (non-QM)! The purpose of making the distinction between the two was the governments methodology to try and avoid the scourge of the bad loans that helped lead to the 2008 financial crisis. This ‘toxic debt’ that was […]