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January 28, 2014

Banks Sold Fewer Home Mortgages in 3Q13

By John Bancroft

Through the first nine months of 2013, commercial banks sold $1.077 trillion of home mortgages, according to call-report data compiled by Inside Mortgage Trends.

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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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