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July 2, 2014

NAMB Surveying Mortgage Brokers on Credits Granted; $2 Billion in 2013?

By Thomas Ressler

NAMB estimates that during the same year brokers nationwide rebated upwards of $2 billion to consumers at the closing table.

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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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