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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

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results