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July 28, 2014

Short Takes: Lender Focusing on Four M&A Deals? / Mechanics Bank Inks Origination Deal with RPM / California, the Golden State of Mortgage Fraud? / Fannie Vendor Denies Discrimination Allegation / EverBank is Apparently a Jaguars’ Fan

By Paul Muolo and and Sherry Muolo

RPM Mortgage, one of the largest privately held nonbanks in California, has signed a new origination deal with Mechanics Bank, Walnut Creek, CA.

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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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