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What We’re Hearing

January 10, 2013

Inside Take:

As we noted earlier in the week, Bank of America will sell plenty more in the way of residential mortgage servicing rights this year. But how much more? According to the new issue of Inside Mortgage Finance, how does upwards of $400 billion sound? Will PennyMac be a buyer this time around?

We know that BofA is a repo lender to PennyMac and that over the past year the publicly traded REIT has hired many former bank employees, including correspondent and warehouse officials. Stay tuned and see the story on the IMF website.

 

Poll

Does your lending shop have any plans to make non-jumbo, non-QM loans this year? These would be loans similar to "Alt A" and subprime products made BEFORE standards were loosened severely in the 2004 to 2007 era.

Yes.

33%

No.

33%

It’s under consideration, maybe by 3Q or 4Q.

26%

We were going to until the TRID "error" mess hit.

7%

Housing Pulse