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August 4, 2014

Short Takes: Bank Launches Wholesale Group / Lender Hiring 300+ LOs / SAFE Act Training Could Get More Difficult / Ocwen Update

By Brandon Ivey

Essex Bank launched a wholesale group while Live Well Financial plans to hire more than 300 loan officers.

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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