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May 8, 2014

PennyMac Financial Sees Growth Opportunities in Correspondent, MSRs

By Brandon Ivey

PennyMac had 271 approved correspondent sellers at March 31, up from 229 at the end of the fourth quarter.

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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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