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Volume 14 - Number 20

October 3, 2014

Latest Fannie Executive Departures Highlight GSE Staffing Challenges

Fannie Mae last week announced two significant executive staffing changes. Leslie Peeler, senior vice president in charge of Fannie Maeís National Servicing Organization, is leaving the GSE for a senior position with IBMís mortgage group. Itís unclear what exactly Peeler will do for the mortgage division of IBM, which includes Seterus, a subservicer that works for Fannie Mae. IBM rarely discloses any information about its mortgage division.

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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.

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