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Volume 2014 - Number 18

May 8, 2014

Johnson-Crapo Reform Bill Markup Set to Resume Next Week But Observers Say Measure Won’t Get to Floor Vote

The Senate Banking, Housing and Urban Affairs Committee is expected to vote on the housing finance reform legislation next week, but thereís a growing consensus among industry observers that no amount of last-minute patchwork compromises will make the bill ready for a prime-time Senate vote. Many observers said last weekís abrupt announcement by Committee Chairman Tim Johnson, D-SD, and Ranking Member Mike Crapo, R-ID, to delay consideration of S. 1217 in order to gain more than the minimum 12 votes needed to clear the committee doomed the chances of getting the bill to the floor for a vote. A banking committee staffer told...

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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.