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September 4, 2014

Mortgage Industry Still Has Questions on Servicing Transfers

By Thomas Ressler

“When you get guidance, you don’t always like everything you get," said Bob Davis of the American Bankers Association.

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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