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April 15, 2014

GSEs Will Comply with Chicago's Vacant Property Rule But Not Pay Under Settlement by FHFA

By Charles Wisniowski

The FHFA and Chicago settled a legal battle that started in November 2011 regarding maintenance and fees for vacant properties.

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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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