Home » Short Takes: loanDepot IPO Documents Imminent? / Two Loan Closings Instead of One Because of TRID? / White House Stands by Cordray / ‘Foaming at the Mouth’ Comment Causes Some Mortgage Bankers to Foam at the Mouth / IMA MSR Auction Set / DocMagic Signs To
Short Takes: loanDepot IPO Documents Imminent? / Two Loan Closings Instead of One Because of TRID? / White House Stands by Cordray / ‘Foaming at the Mouth’ Comment Causes Some Mortgage Bankers to Foam at the Mouth / IMA MSR Auction Set / DocMagic Signs To
One source, angered by Cordray's comments, said, "No, Mr. Director. Those concerns have eliminated non-QM loans, which come with protection against frivolous lawsuits. That’s why no one except a perfect borrower can get a loan…”