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August 4, 2014

Mortgage Closing Fees on the Rise, Driven By New Regulations

By Brandon Ivey

Mortgage origination fees and third-party fees increased in the past year, according to a new survey by Bankrate.

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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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