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October 27, 2014

HUD to Let Property-Flipping Waiver Lapse

By George Brooks

HUD believes the program’s initial objectives have been attained and that prudence and vigilance are again called for to prevent abuses.

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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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