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Podcast: Power House
Episode: Angel Oak’s Tom Hutchens and Manish Valecha on non-QM lending
Description: This week, Tom Hutchens, the executive vice president of production at Angel Oak Mortgage Solutions, and Manish Valecha, the head of client solutions at Angel Oak Capital Advisors, join the Housing News Podcast for its season finale.In this episode, the duo discusses the current non-QM landscape, as well as what led to the quick evaporation of the product in March 2020.Additionally, the pair discuss the two newly announced proposed rulemaking notices from the Consumer Financial Protection Bureau on the QM Patch, and what those changes could mean for the industry at large....