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August 28, 2017

Fannie Mae Tallies Loans Affected by Hurricane Harvey: $5.12 Billion and Counting

By Paul Muolo

A spokeswoman for Fannie said, “While the situation on the ground remains uncertain, areas impacted are subject to change…”

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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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