Carrington lowers non-QM threshold to 550 FICO, expands guidelines
The company is expanding its Flexible Advantage non-QM loan program with new guidelines
The company is expanding its Flexible Advantage non-QM loan program with new guidelines
BELLINGS Intelligence Score: 22
Why it matters
Carrington's lowering of the non-QM FICO threshold to 550 and guideline expansion is a notable market activity that could modestly affect credit availability in the non-QM mortgage segment, but it is primarily a company-level product update without broad systemic impact.
Sources
HousingWire
Carrington lowers non-QM threshold to 550 FICO, expands guidelines
The company is expanding its Flexible Advantage non-QM loan program with new guidelines