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January 14, 2014

Short Takes: Will MBA’s Origination Forecast Hold Water? / The Equity Market Must Love Altisource / Connecticut Taxpayers Must Love TMS / DocMagic Scores Another Client / Dan Smith Leaves BrightPath Mortgage

By Paul Muolo

As expected, the Mortgage Bankers Association this week lowered its 2014 origination forecast to $1.12 trillion, a $57 billion decrease from its previous estimate. Word of the reduction was making the rounds last week.

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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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