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August 19, 2014

Short Takes: Jumbo MBS Almost Perfect / Consumer Advocates' Mod Tactics / Update on RCS / Lennar Acquires Pinnacle Mortgage

By Brandon Ivey

Of the more than 50 jumbo mortgage-backed securities issued since 2010, only one has taken a loss.

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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