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February 25, 2014

Short Takes: JPM Continues to Slash Mortgage Jobs / Overlays Disappearing? Don’t Bet On It / Loss Mit Mortgage Firm Slapped with CFPB Fine / Lenders One to Hold Annual Pow-Wow with Members / Stonegate Actually Increased Originations

By Paul Muolo and Thomas Ressler

So, mortgage firms are reducing “overlays” and expanding credit to borrowers in need. Right? Not necessarily.

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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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