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January 14, 2014

Short Takes: Will MBA’s Origination Forecast Hold Water? / The Equity Market Must Love Altisource / Connecticut Taxpayers Must Love TMS / DocMagic Scores Another Client / Dan Smith Leaves BrightPath Mortgage

By Paul Muolo

As expected, the Mortgage Bankers Association this week lowered its 2014 origination forecast to $1.12 trillion, a $57 billion decrease from its previous estimate. Word of the reduction was making the rounds last week.

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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