In a recent HousingWire article, Kelsey Ramirez writes that while marginally riskier loans may be reappearing in the non-QM market, non-QM mortgages as a whole are much different from those that caused the financial crisis. To make her point, she cites experts such as Michael Brenning, chief production officer at Deep Haven Mortgage, who stated, “Non-QM is not what we saw leading up to the crisis. These are clean, super-prime borrowers with one little thing about their profile. You will find the weighted average FICO is more than 700, all ATR compliant.”

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