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January 9, 2014

A ‘Right to Cure’ a Non-QM Would Ease Industry Anxiety

By Thomas Ressler

One big way “that we think would help resolve some of that [QM] anxiety is [having] a right to cure,” said Pete Mills of MBA.

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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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