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Volume 18 - Number 6

March 21, 2014

Homebuyers Having Problems with Short Sales

The average time on market for short sales has increased significantly in the past year, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The problems appear to be due to approvals from sellers as well as lendersí concerns about financing such purchases. Short sales completed in February were on the market for 17 weeks, based on a three-month moving average. Thatís a 30.8 percent increase from the average time on market for short sales ...

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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.