Advanced Search

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…

Read the full article when you register for your FREE IMFnews account.

Free Registration

IMFnews articles are available only to registered users. Sign up to get free access to all IMFnews articles and the daily email alert.

Already Registered?

If you have an existing account with Inside Mortgage Finance, please login below.

Forgot your password?

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.

47%

Yes, by a lot.

5%

Yes and, heck, we may even do non-QM lending.

14%

No, not at all.

26%

No and we may even tighten credit.

7%