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February 20, 2014

Genpact Cuts 81 in Irvine Mortgage Office

By Paul Muolo

Genpact is the latest mortgage vendor to trim staff. At least 81 were let go in its Irvine location.

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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.

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