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NonQM Nate NonQM NATE
Non-QM Wholesale Specialist

The deal your bank
couldn't close?
That's my specialty.

I help brokers and loan officers win the complex, non-traditional deals that fall outside the conventional box. Bank statements. DSCR. Foreign nationals. Self-employed. If it's Non-QM, it's my lane.

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100%
Non-QM focus
20.2%
Wholesale broker market share Q4 '25
Daily
Market intel for your pipeline
Fast
Scenario pricing, same day
Published Daily

This Week's Brief

Rate movements, industry headlines, and consumer & investor talking points, so you can walk into Monday sharper than anyone else in your market.

Monday, September 28, 2026 · Morning Brief
10-Year Treasury Extends Climb to 5.21%, Fresh 19-Year High, Ahead of This Week's PCE and Jobs Data.
The 30-year fixed opened the week at 7.24% and the 15-year at 6.61%, both up modestly, while the 10-year Treasury pushed to 5.21%, its highest close since July 2007, as markets keep repricing for a more hawkish Fed following this month's first rate hike since 2023. August existing home sales cooled to a 3.98 million annual pace, but inventory hit its highest level since November 2019, giving buyers real negotiating room even as financing costs bite. DSCR and investor-loan volume is up 130% since 2022 and now makes up a third of all non-QM production. Wednesday's core PCE and Friday's jobs report are the next major catalysts for where rates head from here.
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30-Yr Fixed
7.24%
▲ 7 bps
15-Yr Fixed
6.61%
▲ 6 bps
5/1 ARM
6.52%
▲ 5 bps
10-Yr Treasury
5.21%
▲ 10 bps
Upcoming Calendar
  • → September 29: JOLTS job openings. An early read on labor demand ahead of Friday's payrolls number, and a gauge the Fed is watching for signs the labor market can absorb further tightening.
  • → September 30: Core PCE and Q2 GDP. The Fed's preferred inflation gauge. Core PCE has climbed from 3.0% to 3.3% since December, and another hot print would all but confirm the market's pricing for another hike this year.
  • → October 2: September jobs report. A strong print alongside sticky inflation would reinforce the case for the Fed's projected additional hike; a weak one gives doves on the committee more room to push back.
  • → Already in: fixed-to-ARM spread holding near 70 bps. The 5/1 ARM at 6.52% against a 7.24% 30-year fixed keeps real daylight between the two products for borrowers with a realistic five-to-seven-year horizon.
What You Get

Three ways I make your pipeline stronger

Whether you've got a deal that needs a home, a client who needs an education, or just want to stay ahead of the market — this is built for you.

📊
Daily Market Intelligence
Every morning: a full rate briefing, market analysis, industry headlines, and consumer & investor talking points you can use in your very next client call. No fluff. No subscription. Just signal.
🧠
Non-QM Scenario Expertise
Bank statement borrowers. Real estate investors with DSCR deals. Self-employed clients with complex tax returns. Foreign nationals. I live in these scenarios daily. Submit one and I'll price it fast and walk you through the options.
🤝
Wholesale Partnership
You keep the client relationship. I handle the product, pricing, and process. You close the deal and get paid. That's the wholesale model — and it's winning. Broker market share hit 20.2% in Q4 2025.
The Opportunity

Non-QM isn't a niche anymore. It's the edge.

The self-employed. The investor. The foreign national. The borrower with great income and a complicated tax return. These clients are underserved by conventional lending, and they're some of the most motivated buyers in the market.

  • Non-QM volume grew over 30% in 2024 with strong momentum continuing into 2026
  • Broker market share hit 20.2% in Q4 2025. The wholesale channel is winning.
  • Self-employed borrowers represent the fastest-growing buyer segment
  • DSCR loans make real estate investing accessible without W-2 income verification
  • One Non-QM approval builds a relationship that generates referrals for years
$1T+
Annual Non-QM origination market potential
16M+
Self-employed Americans who don't fit the conventional box
20.2%
Wholesale broker market share Q4 2025
30%+
Non-QM volume growth year over year
Published Every Weekday
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Prefer email? nneal@brokersadvantagemtg.com