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April 28, 2014

Short Takes: Would You Like to Undergo a CFPB Exam Under Oath? / Cove Financial Snags $250 Million LOC / JPMorgan Working on New Jumbo MBS, Maybe / Fannie Chairman Heckled by Protestors / Here Come the Johnson-Crapo Amendments

By Thomas Ressler and Paul Muolo and

“The examiner-in-charge apparently thought that the owner was lying, and the CFPB now wants to question him under oath,” principal Joe Garrett writes in a note to his clients.

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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%