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October 9, 2014

Short Takes: One More Sip From the Refi Grapes? / Auction.com Will Finance RE Investors / Wells Settles Lending Discrimination Case with HUD / IG Says FHFA Could Spruce Up its Recordkeeping / FHFA’s Watt Gets a New Chief of Staff

By Paul Muolo and

Another refi boomlet? One Long Island-based mortgage executive told us this: “Locks doubled from the day before and are up 30 percent over the previous 10 days”…

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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