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Volume 2018 - Number 1

January 12, 2018

News Briefs

PennyMac Financial Services launched its broker origination channel this week. While the company hasnít originated many jumbo mortgages in the past year, it said the broker channel ďwill provide opportunities to grow volumes in attractive segments,Ē including jumbos. Carrington Mortgage Services recently launched some nonprime products in its wholesale channel. The lender allows for credit scores as low as 500 and loan amounts up to ... [Includes five briefs]

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With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results