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December 1, 2014

Short Takes: Asset-Based Mortgage Lending Returns / ‘Fix and Flip’ Market Slowing? / CALCAP Opens Phoenix Office / Ocwen’s Share Price Falls at the Opening / Two Harbors Likes CRE

By Brandon Ivey and Paul Muolo

According to figures recently compiled by RealtyTrac, 26,947 single family homes were flipped nationwide in the third quarter.

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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