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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

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