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April 25, 2014

What We’re Hearing: Who Will be Left Standing After the Great Mortgage M&A Tsunami? / Paul Reddam to Spend More Time With His Horses / Warehouse Ugly Too / $150 Billion in Ginnie MSRs Changed Hands / A Head Fake for Johnson-Crapo? / Glen Corso, Trade Group Chief

By Paul Muolo

At one shop based in the Midwest thereís unconfirmed talk of loan officers who havenít been paid for months, unpaid leases and top executives who were on vacation as volumes collapsed.

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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.