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June 10, 2014

An Ugly 1Q Indeed: Cost to Originate Spikes 21 Percent

By Paul Muolo

According to interviews conducted by IMFnews, many nonbanks lost money in January and February but began to see better results in March.

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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.

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%