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February 28, 2014

What We’re Hearing: Bill Erbey Does Not Scare Easily / What Does Wells Think of the Ocwen Mess? / At Least Freddie Loves Ocwen / Green Tree May Be Next / More Mortgage Layoffs on the Horizon / Time to Regulate the CFPB?

By Paul Muolo

What does the seller of the MSRs think about what's going on with the DFS? A spokesman for the nation's largest lender and servicer told IMFnews: "Wells Fargo has not been a party to any discussions with the New York Department of Financial Services regarding Ocwen."

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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