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April 1, 2014

Short Takes: Raj Date’s Fenway Summer About to Merge? / MWOB Contracts Spike at FHFA / Did the GSEs Really Repay Uncle Sam? / Obamacare Equals GSE Coup? / Norcom Hires New AE

By Charles Wisniowski, Paul Muolo

A group called The 60 Plus Association has released TV and radio ads in seven states targeting Senate Banking Committee Members who are sponsoring GSE reform legislation. The group claims the bills “allow the government to take over the mortgage industry in an action 'disturbingly similar' to Obamacare.”

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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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