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August 11, 2017

Forget the Millennials. Gen Xers Still Make Up Bulk of Borrowers, Says New Report

By Sherry Muolo

Gen Xers on average favor making down payments of 20 percent, while Millennials tend to make down payments of 3 percent or less...

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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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