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December 11, 2014

S&P Affirms Rating on New Penn, Notes Progress but a Production Decline Too

By Brandon Ivey

New Penn also reorganized its origination channels, consolidating wholesale and correspondent, while adding a mini-correspondent business line.

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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