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Volume 18 - Number 20

October 3, 2014

FHFA Weighs Impact of Second Liens

Although linked to higher likelihood of defaults for first mortgages, piggyback second liens do not necessarily mean bad results for the associated primary loan. However, subsequent second liens have had mixed results over certain time periods. ďThe empirical results for subsequent second liens are much more nuanced and, in many ways, more interesting than the piggyback results,Ē concludes Andrew Leventis, principal economist at the Federal Housing Finance Agency ...

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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.