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The El Paso

Conforming mortgages just lost their majority. Non-QM is helping drive the shift

Conforming mortgages just lost their majority. Non-QM is helping drive the shift
Photo: KVIA ABC-7 · view original

Conforming mortgages accounted for nearly three-quarters of Optimal Blue’s rate-lock volume in July 2020. Six years later, they no longer make up half of it. Conforming mortgages fell below half of Optimal Blue rate-lock volume in April, the first time that had happened since at least January 20...

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