The COVID-19 crisis and the associated economic environment mean more changes for lenders.
For its 2020 Consumer Lending Survey, Nomis looks at consumer attitudes to lending in the socially distanced COVID-19 economy, including their shopping preferences and practices, what influenced their purchase decision, their attitude to loyalty and how they like to transact with their lender.
Publisher: Nomis
Date: July 2020
Traditional lending standards no longer fit a growing segment of borrowers in the modern mortgage market. These individuals may be self-employed, gig-style workers, real estate investors, or Gen Z freelancers. Non-qualified mortgage (non-QM) loan options, such as those offered by Deephaven Mortgage, fill the gap with flexible underwriting methods, a debt service coverage ratio (DSCR), […]
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