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March 6, 2014

Short Takes: Treasury’s Stegman: ‘Tweaking’ the GSEs Won’t Work / HomeStreet Selling Jumbo Whole Loans / Surprise: VA Loan Limits Rise in Honolulu / A Correction on the FHA MMIF

By Paul Muolo and Brandon Ivey

The VA loan limit for the Honolulu area has been increased to $721,050 from $625,000, thanks to Sen. Brian Schatz, D-HI.

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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.

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