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March 19, 2014

Short Takes: Need a Mortgage Job? Try the CSP / More Headaches for Ocwen? / The CFPB: Do As I Say, Not As I Do / WJB Mortgage Expands Jumbo Menu / Saving Only Homeowners Who Can Be Saved

By Brandon Ivey and Paul Muolo and Thomas Ressler and George Brooks

W.J. Bradley Mortgage Capital announced a number of new jumbo mortgage products this week. Among the offerings is a loan with a 10 percent downpayment requirement for balances of up to $850,000.

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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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