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June 18, 2014

Short Takes: Norcom Brings Its Wholesale Account Executives In-house / Government Shakes Down SunTrust? / Fannie’s Bank Statement Fraud Project / About that Revival in Mortgage Applications… / New Hires at MGIC

By Paul Muolo

Norcom wants its wholesale account executives to be in the office, not traveling the roads.

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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