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January 31, 2014

What We’re Hearing: Are Lenders Faking Their Rate Sheets? / Cash Help on the Way for Nonbanks / Waiting for Godot and Jumbo MBS / Obama's Big GSE ‘Miss’ / Black Rock Likes Wally and Penny / Congressman’s Trailer Park Talk With Bad Numbers

By Paul Muolo

At deadline we got wind of a former Wall Street investment banker who is setting up a fund to help independent mortgage firms (nonbanks) raise capital.

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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