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January 9, 2014

Trade Groups Once Again Urge Congress Not to Tap G-Fees for Budget Offsets

By Charles Wisniowski

This time around, Congress is considering tapping Fannie/Freddie g-fees as lawmakers look toward an extension of unemployment benefits, which expired on December 31.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results