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October 27, 2014

HUD to Let Property-Flipping Waiver Lapse

By George Brooks

HUD believes the program’s initial objectives have been attained and that prudence and vigilance are again called for to prevent abuses.

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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.

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