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March 26, 2014

Smaller Mortgage Lenders Swearing Off Non-QM Lending

By Thomas Ressler

Addressing CFPB officials at the American Bankers Association’s government relations conference in Washington, one community banker from Oklahoma reported survey findings that one-third of respondents in the state are no longer offering residential mortgages.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

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