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January 27, 2014

Short Takes: Hey, Who’s Going to Pay for All That Mortgage Compliance? / Reg AB2 is Coming / 33 Senators Don’t Want the GSEs Returned to Their ‘Previous Form’ / Progress on BofA Mortgage Settlement?

By Brandon Ivey and and Paul Muolo

The cost of mortgage compliance was a topic making the rounds at the recent ABS Vegas show in Nevada. Attendees, of course, wanted to know who might pay for all the new added costs.

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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