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January 2, 2014

Short Takes: Will a Non-QM Market Develop? / Ellie Mae Still in Play / RCS Has a New Owner / Barry Habib’s Future / High Earners More Likely to Shop Online for a Mortgage

By Paul Muolo

Will well-known mortgage trainer Barry Habib stick with Residential Finance Corp., a company whose assets are in the process of being sold? It’s hard to say since RFC isn’t answering questions on about the firm’s future.

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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.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%