In the evolving landscape of mortgage-backed securities, recent developments highlight the significance of non-Qualified Mortgage (non-QM) loans. A prominent securitization has emerged, backed by a pool of 968 non-QM loans. This pool exhibits a robust weighted average FICO score of 748, indicating a relatively strong credit profile among borrowers. Furthermore, the loans feature an average loan-to-value (LTV) ratio of 71.03%, suggesting prudent lending practices that balance risk and opportunity.
Key elements of this securitization include:
– **Pool Composition**: The securitization involves a diverse collection of 968 non-QM loans, contributing to increased market liquidity and investor interest.
– **FICO Score**: With a weighted average FICO score of 748, the borrower profile reflects solid creditworthiness, enhancing the perceived quality of the underlying assets.
– **LTV Ratio**: An average LTV ratio of 71.03% indicates that the loans are well-collateralized, mitigating risk for investors while supporting sustainable borrowing standards in the non-QM sector.
You can read this full article at: https://www.housingwire.com/articles/hildene-capital-closes-496m-non-qm-securitization/(subscription required)
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