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April 30, 2014

MBA Asks FHFA to Scrap, Revise GSE Servicer Compensatory Fees

By Charles Wisniowski

MBA believes the imposition of compensatory fees has morphed into a risk-sharing mechanism that shifts the costs of the prolonged foreclosure process from the GSEs onto mortgage servicers.

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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.
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Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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