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January 16, 2014

Short Takes: Flagstar Gives Pink Slips to 600 / Fenway Summer Light on Advisory Work / Black Knight Sees Mortgage ‘Gold’ / PHH Stock Price Up, Up and Away / The Return of First Franklin’s Andy Pollock / Fidelity Mortgage Accused in Kick-Back Scheme

By Brandon Ivey and Paul Muolo

According to figures compiled by Inside Mortgage Finance, Flagstar is the nation’s second largest wholesale/broker lender. It also has a fairly large presence in the warehouse market.

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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