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January 21, 2014

Short Takes: Citigroup Chops Servicing Staff / Peer-to-Peer Mortgage Lending Gains Traction / Workforce Migration from Flagstar to United Shore / Quicken Plays ‘March Madness’ / Ginnie Japan

By Paul Muolo, Brandon Ivey, George Brooks

More than $85 million in peer-to-peer mortgages were originated in 2013 via National Family Mortgage. It may double that performance this year.

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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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