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Volume 2017 - Number 35

September 14, 2017

The Chatter Continues on M&A. Prosperity Mortgage Has a New Parent (Warren Buffett)

Mortgage originators that produce $1 billion to $4 billion a year in loans are continuing to be courted by potential suitors, but not many sale agreements are getting signed these days, according to investment bankers. ďPrivate equity firms are still looking to enter the business, and sellers are listening, but Iím not seeing too many deals being completed,Ē said Chuck Klein, a managing partner at Mortgage Banking Solutions, Austin, TX. At the beginning of the year, Klein was...

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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%