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November 15, 2016

Short Takes: Quicken-FHA Case Headed to Motown / Dan Gilbert, Detroit RE Bull / Quicken’s Point of View / The Cheering Section / Wilbur Ross for Treasury Secretary?

By Paul Muolo

Itís safe to say that many mortgage CEOs and their attorneys are cheering on Quicken. Itís not often that a lender fights back this strong against the government in an FHA.

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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.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%