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June 3, 2016

What We’re Hearing: Director Watt, Don’t Let the GSEs Build a Capital Buffer? / What? / Ocwen Cuts U.S. Workforce, Stock Soars / Flagstar in the Hunt for a Retail Lender / Meg Burns, Consumer

By Paul Muolo

The letter is meant to counteract correspondence sent earlier in the week to Watt from 10 trade organizations and community groups that want the GSEs to build capital...

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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.