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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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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%