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January 15, 2014

Short Takes: There Goes the Ellie Mae Sale / OMG, Mortgage Applications Soar / Surprise: Lender Sees Originations Increase / Prospect Adding 40 Loan Officers Thanks to Impac Deal / Press-Shy MIAC Has MSRs to Sell

By Paul Muolo and Thomas Ressler

It may be time for the mortgage industry to take a chill-pill: applications are on the rise again, rates have stabilized and some firms are actually hiring loan officers.

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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