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March 5, 2014

The Obama Budget: FHA MMI Will Post a $7.8 Billion Surplus

By George Brooks

Overall, HUD’s entire 2015 budget seeks a 2.6 percent increase over FY 2014 levels to $46.66 billion.

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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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