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June 24, 2014

Short Takes: Altisource Gets Smacked Around / Ellie Mae Founder Selling Shares / No More Bad Mortgages to Buy? / FHFA Inundated With Emails / Credit Suisse Not Turning Over Juicy Documents?

By Charles Wisniowski, Paul Muolo

In other mortgage-stock news, Ellie Mae Co-founder, Chairman and CEO Sig Anderman has been exercising stock options of late, and selling shares in the company.

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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