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May 12, 2014

Short Takes: Former Bank CEO Looking at PHH Mortgage? / Midwestern Nonbank Hits the Auction Block? / Cole Taylor Mortgage Sale Crumbles After a Year / Willie Newman Will Return / JPM Continues to Slash Mortgage Staff / An Ugly Quarter for Impac Mortgage

By Paul Muolo

A somewhat large Midwestern-based nonbank is now entertaining takeover bids. A deal could happen within 90 days, IMFnews has learned. Stay tuned…

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results