Non-QMs carry more regulatory risk than conventional loans, but an increasing number of shops are willing to take on the product as refis slump…
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Walter notes: “We have already achieved cost reductions in a number of areas, but there can be no assurance that we will be able to reduce costs so as to enable the servicing business to return to profitability in the near term or at all.”
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It’s safe to say that CFPB Director Richard Cordray has been one of the most controversial financial regulators to work in Washington, D.C. for quite some time...
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