Is the Non QM market a bubble?

[Garret Anthony]

Hey All,
I have a question for everyone who is currently involved and invested in the real estate market.

With private lenders becoming increasingly prevalent in this market place, will there higher risk privately securitized mortgage notes cause the same collapse as the previous government backed securities.

I see a lot of no income and no doc loans coming back onto the market, is this the writing on the wall that we should all be aware of? 
Thank You fellow investors 🙏🏼🍾 Rule#1 Never lose money.