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March 5, 2014

The Obama Budget: FHA MMI Will Post a $7.8 Billion Surplus

By George Brooks

Overall, HUD’s entire 2015 budget seeks a 2.6 percent increase over FY 2014 levels to $46.66 billion.

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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