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June 12, 2014

Short Takes: Johnson-Crapo Measure Dead, Dead, Dead / The Baby Boomers Save the Day! / Maybe the Millennials Aren’t So Hopeless / Ocwen Says Customers Can ‘Dis Them / A New Hire for Stratmor

By Paul Muolo

Maybe more Millennials are buying homes than people think: "A large portion of our applicants are in the Millennial generation. I am seeing them in our office every day," said Jim Picard of Denali Alaskan Federal Credit Union.

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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.
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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