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February 18, 2014

Short Takes: CFPB in India? Not Likely / BofA Admits Mortgage Layoffs But No Details / Wingspan Not Done Buying / 360 Mortgage Continues to Hire Wholesale Staff / Trade Group Wants Lower FHA Premiums

By Paul Muolo

Mortgage companies with back-office operations overseas don't have to worry about the CFPB examining their off-shore staff, at least not anytime soon.

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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