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February 7, 2014

What We’re Hearing: Lender Pays a $1 Million Signing Bonus for Top LO / Ocwen About to Make Nice With New York? / Huge Delinquencies in Wells MSR Portfolio That Ocwen is Buying / Was McFarland Up for a CSP Job? / CFPB’s Cordray Stumbles on Opera (Yes, Opera)

By Paul Muolo

What’s the best way to entice a workaholic mortgage loan officer who knows how to bring home the bacon? Answer: Pay them a huge signing bonus.

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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