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May 20, 2014

Short Takes: East Coast-West Coast Mortgage Merger Afoot? / What, CitiMortgage Wants to Expand Its Presence in Mortgages? / A Sweet Deal for Ocwen’s New CFO / A Choice for Millennials: A House or a College Education

By Paul Muolo and Thomas Ressler and Brandon Ivey

Apparently, CitiMortgage wants to grow its presence in the origination market, including the correspondent channel where it has a slight pulse.

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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.

vote to see results