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September 26, 2014

HUD IG Audit: Lenders Posted $428 Million in Gains by Modifying Delinquent FHA Loans

By Paul Muolo

In its rebuttal, FHA argues that if the delinquent loans had not been worked out, lenders would have been entitled to $5.2 billion of insurance claims – money the MMIF could ill afford.

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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?

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Not now. But things could change as 2018 progresses.

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