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October 23, 2014

CFPB Finalizes ‘Right to Cure’ Language for QM Loans

By Thomas Ressler

Any refunds paid by the originator must occur within 210 days after the loan is made.

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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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