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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.

Wednesday, August 5, 2026 · Morning Brief
Hormuz Deal Talk Pulls the Ten-Year to 4.61%. The ARM Inversion Keeps Widening.
Treasury Secretary Bessent said an agreement reopening the Strait of Hormuz to commercial shipping could be signed this week, crude fell nearly 6% Tuesday, and the ten-year broke to 4.61% and dragged the 30-year fixed down to 6.60%. But the 5/1 ARM added another 6 basis points to 6.79% and now prices 19 basis points above the 30-year fixed, the third straight session of widening inversion. Pull ARM off your agency quote sheet, reprice your live pipeline today, and treat any move under 4.55% on the ten-year as a gift rather than a trend.
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30-Yr Fixed
6.60%
▼ 4 bps
15-Yr Fixed
6.09%
▲ 2 bps
5/1 ARM
6.79%
▲ 6 bps
10-Yr Treasury
4.61%
▼ 9 bps
Upcoming Calendar
  • → Today: Hormuz Headlines. A confirmed shipping agreement likely pulls the ten-year toward 4.50% and the 30-year fixed into the mid 6.40s. A breakdown gives back all nine basis points before lunch.
  • → Aug 6: Weekly Jobless Claims and Freddie Mac PMMS. Claims at 8:30 a.m. ET, with the weekly rate survey at 10:00. Claims have become a higher-signal indicator given how badly payrolls have been revised this year.
  • → Aug 7: July Jobs Report. The week's only genuine catalyst. June printed 57,000 with unemployment at 4.2% on a participation rate that fell to 61.5%, so a second soft print is the cleanest path back toward a 4.50% ten-year.
  • → Aug 12: July CPI. Arguably bigger than the jobs report given that the Fed has tied the September 15-16 decision to the next two inflation prints. Watch core services, which is where the stickiness lives and where the three hawkish dissents came from.
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