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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

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