One in ten US mortgages now falls outside the Qualified Mortgage standard
The category includes bank-statement and DSCR loans as self-employed borrowers, investors and retirees turn to private-market documentation programs.
- In 2025, non-QM lending reached $239 billion, representing 10% of total U.S. mortgage originations by dollar volume, according to a Griffin Funding analysis of Polygon Research's loan-level HMDA data.
- The removal of Appendix Q failed to resolve the documentation gap for self-employed borrowers, as traditional underwriting continues to rely on tax returns rather than actual cash flow.
- Bank statement loans accounted for 30.6% of volume, while investor and DSCR loans made up 33.5%, with other expanded-guideline products comprising the remaining 35.9%.
- Optimal Blue's Market Advantage report shows non-QM lending surpassing 10% of monthly rate-lock volume in July 2026, marking continued expansion despite persistent documentation barriers.
- No current version of the Self-Employed Mortgage Access Act exists as of August 2026, and the Congressional Housing Bill Tracker lists no active legislation addressing these documentation standards.
15 Articles
15 Articles
One in ten US mortgages now falls outside the Qualified Mortgage standard - The Mexico Ledger
One in ten US mortgages now falls outside the Qualified Mortgage standardNon-QM lending reached $239 billion in 2025, roughly 10% of all U.S. mortgage originations by dollar volume, according to a Griffin Funding analysis of Polygon Research's loan-level HMDA data. A separate measure from Optimal Blue shows the trend continuing, with non-QM surpassing 10% of monthly rate-lock volume in July 2026.That growth continued through a rule change meant …
One in ten US mortgages now falls outside the Qualified Mortgage standard - Seward Independent
One in ten US mortgages now falls outside the Qualified Mortgage standardNon-QM lending reached $239 billion in 2025, roughly 10% of all U.S. mortgage originations by dollar volume, according to a Griffin Funding analysis of Polygon Research's loan-level HMDA data. A separate measure from Optimal Blue shows the trend continuing, with non-QM surpassing 10% of monthly rate-lock volume in July 2026.That growth continued through a rule change meant …
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One in ten US mortgages now falls outside the Qualified Mortgage standard
Griffin Funding reports that 10% of U.S. mortgages fall outside the Qualified Mortgage standard, driven by non-QM lending growth and self-employed income challenges.
One in ten US mortgages now falls outside the Qualified Mortgage standard - Stateline Publications
One in ten US mortgages now falls outside the Qualified Mortgage standardNon-QM lending reached $239 billion in 2025, roughly 10% of all U.S. mortgage originations by dollar volume, according to a Griffin Funding analysis of Polygon Research's loan-level HMDA data. A separate measure from Optimal Blue shows the trend continuing, with non-QM surpassing 10% of monthly rate-lock volume in July 2026.That growth continued through a rule change meant …
One in ten US mortgages now falls outside the Qualified Mortgage standard - Hillsboro Sentry Enterprise
One in ten US mortgages now falls outside the Qualified Mortgage standardNon-QM lending reached $239 billion in 2025, roughly 10% of all U.S. mortgage originations by dollar volume, according to a Griffin Funding analysis of Polygon Research's loan-level HMDA data. A separate measure from Optimal Blue shows the trend continuing, with non-QM surpassing 10% of monthly rate-lock volume in July 2026.That growth continued through a rule change meant …
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