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August 12, 2014

Ability-to-Repay Rule is Definitely Having an Impact – on Non-Agency Production

By John Bancroft

But almost 48 percent of senior loan officers said approval rates for prime jumbo borrowers were lower...

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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.

47%

Yes, by a lot.

5%

Yes and, heck, we may even do non-QM lending.

14%

No, not at all.

26%

No and we may even tighten credit.

7%