What Are Non-QM Mortgage Loans?
Non-QM (Non-Qualified Mortgage) mortgages are residential loans that don’t meet the strict requirements of the Consumer Financial Protection Bureau (CFPB) for Qualified Mortgages (QM). Whereas traditional loans meet uniform standards for income verification and debt-to-income (DTI) ratios, Non-QM loans permit variability in borrowers with unorthodox financial situations. These loans are extended to individuals who may […]
Oxford Bank Corporation appoints two executives to its Board of Directors
Oxford Bank Corporation, the holding company for Oxford Bank, yesterday announced the appointment of two executive leaders, Michael Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk Officer, to the Oxford Bank Board of Directors, effective immediately. Chairman, CEO and President David Lamb commented, “Both the Company’s and Bank’s Board of […]
