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March 19, 2014

Short Takes: Need a Mortgage Job? Try the CSP / More Headaches for Ocwen? / The CFPB: Do As I Say, Not As I Do / WJB Mortgage Expands Jumbo Menu / Saving Only Homeowners Who Can Be Saved

By Brandon Ivey and Paul Muolo and Thomas Ressler and George Brooks

W.J. Bradley Mortgage Capital announced a number of new jumbo mortgage products this week. Among the offerings is a loan with a 10 percent downpayment requirement for balances of up to $850,000.

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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.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%