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March 20, 2014

Short Takes: Nonbanks Get a Raw Deal From Johnson-Crapo? / Bring on the Spring Home Buying Season Already / Impac Continues to Lose Money / New Residential Earns a Ton / Former Wells Fargo LO Pleads Guilty

By Paul Muolo

The Johnson-Crapo bill would subject Quicken and all the other nonbanks to FDIC-like examinations.

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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%