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January 21, 2014

Short Takes: Citigroup Chops Servicing Staff / Peer-to-Peer Mortgage Lending Gains Traction / Workforce Migration from Flagstar to United Shore / Quicken Plays ‘March Madness’ / Ginnie Japan

By Paul Muolo, Brandon Ivey, George Brooks

More than $85 million in peer-to-peer mortgages were originated in 2013 via National Family Mortgage. It may double that performance this year.

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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