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June 11, 2014

Short Takes: Is the CFPB Overstaffed? / Dealing with Examiners: Put Them in the Basement and Turn Off the AC / Are AMCs Mortgage ‘Pimps’? / Applications Spike / Speaker of the House Jeb Hensarling?

By Brandon Ivey and Paul Muolo

ďIím tired of having the AMC acting as my pimp," said one appraiser. "The current situation is ruining the appraisal profession and turning appraisers into whores for the AMCs."

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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%