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March 20, 2014

Short Takes: Nonbanks Get a Raw Deal From Johnson-Crapo? / Bring on the Spring Home Buying Season Already / Impac Continues to Lose Money / New Residential Earns a Ton / Former Wells Fargo LO Pleads Guilty

By Paul Muolo

The Johnson-Crapo bill would subject Quicken and all the other nonbanks to FDIC-like examinations.

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HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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