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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.

Submit a Scenario Read the Morning Brief →
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.

Thursday, September 24, 2026 · Morning Brief
10-Year Treasury Tops 5.13%, Highest Level Since 2007, as Fed Signals More Hikes Ahead.
The 10-year Treasury closed at 5.13% yesterday, its highest level since 2007, after Fed Governor Michael Barr said more hikes are needed and a hot flash PMI reinforced the hawkish outlook. The 30-year fixed ticked up 6 basis points to 6.98% while the 5/1 ARM pulled back 29 basis points to 6.70%. Non-QM posted a record month, capturing 11.3% of mortgage lock volume in August with DSCR spreads compressing to just 50 basis points over conventional, down from 75 to 100 a year ago. Next week's core PCE and jobs report, out September 30 and October 2, are the next major catalysts for where rates head from here.
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30-Yr Fixed
6.98%
▲ 6 bps
15-Yr Fixed
6.42%
▼ 6 bps
5/1 ARM
6.70%
▼ 29 bps
10-Yr Treasury
5.13%
▲ 20 bps
Upcoming Calendar
  • → Friday, September 25: Durable Goods Orders. A lighter read on big-ticket manufacturing, but can still move Treasury yields on a surprise after this week's spike.
  • → September 30: Core PCE and Q2 GDP. The Fed's preferred inflation gauge, and the last major data point before the next FOMC meeting. A hot print keeps the 10-year pinned near current highs.
  • → October 2: September jobs report. A soft print would complicate the case for additional hikes even with inflation running hot, so watch how this balances against the PCE data two days earlier.
  • → Already in: FOMC hiked to 3.75% to 4.00% on a unanimous 12-0 vote. First increase since 2023, with 16 of 18 participants projecting at least one more before year end and four seeing two.
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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Drop your deal details below. I'll come back to you with product options, pricing guidance, and a plan. Same day, no runaround.

Prefer email? nneal@brokersadvantagemtg.com