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June 19, 2014

Short Takes: So, What’s Ed DeMarco Up to These Days? / Beat on the Brat Because of His (Lack of) GSE Knowledge / CFPB Rules Have Had No Impact Whatsoever on the Industry? / FHA Unveils New HECM Guidance / A New Strategy in MBS Cases

By Paul Muolo and Brandon Ivey and George Brooks

He may know how to run a decent race, but does economics professor David Brat – the man who beat Rep. Eric Cantor in the GOP primary in Virginia – know the history of the mortgage meltdown?

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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