Mortgage lenders are rebranding sub-prime mortgages and are allowing home buyers with low credit scores and high debt levels to acquire them. Over $45 billion in what used to be called “liar loans” – now labeled “non-qualified” or “non-QM” – have been written for risky home buyers in 2018.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
