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November 13, 2014

Wells Fargo Seeks Settlement With DOJ Over FHA Allegations

By George Brooks

Wells Fargo estimates that a settlement could cost the bank at least $950 million.

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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