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June 11, 2014

$6 Billion Originator Ready to Buy New England Nonbank

By Paul Muolo

The buyer originates mortgages in roughly six western states and is looking to expand into the East Coast to help fill its pipeline.

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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.

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