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June 10, 2014

Reverse Lending Increase in First Quarter a Fluke?

By George Brooks

The 16.4 percent increase was more likely due to the fact that a huge number of reverse mortgages closed in November and December but were not insured by FHA until January, said one lender.

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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%