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September 4, 2014

Mortgage Industry Still Has Questions on Servicing Transfers

By Thomas Ressler

“When you get guidance, you don’t always like everything you get," said Bob Davis of the American Bankers Association.

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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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