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January 13, 2014

Mortgage Banking Employment Falls to 14-Month Low

By Paul Muolo

Paul Hindman, a mortgage recruiter, told IMFnews that he believes when it comes to hiring, “I believe we’re headed into a relatively flat period,” unless rates swing one way or another.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results