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March 28, 2014

Banks’ Use of Principal Forgiveness Declining, Transfers to Nonbank Servicers a Factor

By Brandon Ivey

The serious delinquency rate on servicer portfolios hasnít improved much in the past year, from 5.7 percent in the fourth quarter of 2012 to 5.4 percent in the fourth quarter of 2013.

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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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