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June 6, 2014

What We're Hearing: Can Mel Watt Save the Mortgage Industry? / Finally, We Have G-Fee Parity! / Millennials Won’t Give Up Those Cell Phones to Save for a Mortgage / Hundreds of Lenders Have Already Closed Their Doors? / Hope for Nonprime?

By Paul Muolo

One last thought on Mel Watt, FHFA and expanding the credit box: Members of the GOP who were big boosters of the recently departed Ed DeMarco will probably read the g-fee comment notice and have a fit…

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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