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September 9, 2014

CFPB: Mortgage Lenders Need to Get With the TRID Now

By Thomas Ressler

The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...

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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