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December 30, 2014

In 2015, JPM Will Hire Mortgage Workers, Wells Mum

By Sherry Muolo and Paul Muolo

According to figures compiled by Inside Mortgage Finance, Wells Fargo was the nation’s largest home lender in the third quarter with $49.95 billion. JPM was a distant second.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results