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August 15, 2014

Nationstar Mortgage Cuts 160 Servicing Workers in ‘Performing’ Unit

By Paul Muolo

Over the past year, several top ranked depository lender/servicers have cut staff, but there has been less bloodletting at the nonbanks.

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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