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March 14, 2014

What We're Hearing: Memo to Mel Watt: There’s Thing Called the CSP / The GSE Bill’s ‘Bait and Switch’ / Kyle Bass Rescues Nationstar, for Now / Landlord Tells Midwest Lender to Get Out / Shedding Tears for MBS Traders / How to Kill a ‘Zombie’ Foreclosure? Shoot it in the Head, of Course

By Paul Muolo

For those of you tracking the lawsuits filed by GSE preferred investors against the federal government, one attorney told us this week that: “These cases won’t be resolved for years." Meanwhile, it appears that the CSP still has no CEO.

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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