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August 16, 2017

Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project

By Carisa Chappell

Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director.

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Poll

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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