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April 8, 2014

New York State Launches Inquiry Into Ellie Mae Tech Snafu

By Paul Muolo

New York regulators want to know whether the additional costs will be passed onto consumers. Ellie Mae is not commenting.

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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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