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December 30, 2014

Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean

By Paul Muolo and George Brooks

A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”

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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