Angel Oak targets HELOCs to broaden non-QM lending
By: Flávia Furlan Nunes | Published: 2026-03-06 19:20:40 | Source: www.housingwire.com
Another product with potential to expand the non-QM universe — traditionally dominated by bank-statement and debt-service-coverage ratio (DSCR) loans — is the home equity line of credit (HELOC). Today, HELOCs represent about 10% of Angel Oak’s portfolio, but Hutchens said the share could double, depending in part on the growth of first-lien production.
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