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February 18, 2014

Short Takes: CFPB in India? Not Likely / BofA Admits Mortgage Layoffs But No Details / Wingspan Not Done Buying / 360 Mortgage Continues to Hire Wholesale Staff / Trade Group Wants Lower FHA Premiums

By Paul Muolo

Mortgage companies with back-office operations overseas don't have to worry about the CFPB examining their off-shore staff, at least not anytime soon.

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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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