Don't myth out on the non-conforming market

Knight, Jeff
February 2005
Money Marketing;2/10/2005, p48
The article presents an insightful analysis of the misconceptions associated with non-conforming mortgage market. It is reported that there are many misconceptions about the typical borrower and how complex it can be to arrange a non-conforming mortgage. On the whole, a non-conforming client is not too dissimilar to a mainstream client and, with the growing use of technology, non-conforming mortgages are now much simpler to arrange. The non-conforming mortgage market has grown substantially and it is hard to imagine how the mortgage arena would function effectively without this important sector. A common misconception of why borrowers end up as non-conforming is they cannot manage their finances properly.


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