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July 6, 2017

Fed Governor Powell: It’s Now or Never on GSE Reform

By Carisa Chappell

The Fed governor noted: “The risk that we’ll settle into this current situation for the long run is very great.”

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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