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April 10, 2014

MBA Calls for Big Basel MSR Changes; Wants Cap Raised to 50 % in Some Cases

By Thomas Ressler

Currently, MSRs can only account for 10 percent of Tier I capital, but MBA thinks it should be raised to at least 25 percent for banks, and 50 percent for thrifts and savings and loans.

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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?

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Yes and, heck, we may even do non-QM lending.
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No and we may even tighten credit.

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