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2. What is an interest-only mortgage and how does it work? - AOL

   www.aol.com/finance/interest-only-mortgage-does...

   They are now considered non-qualified mortgages (non-QM loans) because they don’t meet the backing criteria for Fannie Mae, Freddie Mac or the other government entities that insure and ...

3. Why was my mortgage application denied? Common reasons ... - AOL

   www.aol.com/finance/why-mortgage-application...

   Certain types of mortgages, like jumbo loans and non-QM loans, are more likely to be manually underwritten. But you can request it for any mortgage, if you believe your particular situation will ...

4. What is a non-QM loan? The lowdown on non-qualifying ... - AOL

   www.aol.com/finance/non-qm-loan-lowdown-non...

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5. Non-conforming loan - Wikipedia

   en.wikipedia.org/wiki/Non-conforming_loan

   A non-conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit , the unorthodox nature of the use of funds, or the collateral backing it.

6. Non-conforming mortgage - Wikipedia

   en.wikipedia.org/wiki/Non-conforming_mortgage

   A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac). Mortgages which are non-conforming because they have a dollar amount over the ...

7. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   Among the new mortgage loan types created and gaining in popularity in the early 1980s were adjustable-rate, option adjustable-rate, balloon-payment and interest-only mortgages. These new loan types are credited with replacing the long-standing practice of banks making conventional fixed-rate, amortizing mortgages.

8. Bank statement loan: What is it and who should get one? - AOL

   www.aol.com/finance/bank-statement-loan-one...

   Non-QM loans give more borrowers an opportunity to qualify for a loan. However, they tend to have higher interest rates, meaning they cost more. They also lack some of the consumer protections ...

9. No income, no asset - Wikipedia

   en.wikipedia.org/wiki/No_Income,_No_Asset

   NINA programs are ostensibly created [2] for those with hard to verify incomes (waiters, etc.) but in actuality have been popularly used in situations where aggressive mortgage lenders and brokers did not want any trouble qualifying otherwise non-qualifying loans, [3] thus becoming a significant factor in the subprime lending crisis. [4]