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May 28, 2014

Short Takes: RBS Tosses its Mortgage Traders Overboard / India is Nice but Nationstar Likes the Philippines / Waiting for Godot and Mortgage Applications to Increase / The Biggest Lenders Suffer the Most / Sobering Earnings News From FDIC

By Paul Muolo

Despite the not-so-good news on applications, one warehouse lender suggested to IMFnews that larger lenders are suffering much more than smaller firms.

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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.
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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