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February 3, 2014

Short Takes: New Penn Offers FHA FICOs at 580 / Freedom Goes After PHH’s Business? / Judicial States Have Slower RE Recovery / MountainView in Market with New MSR Deal / RESPA Abuses for $400, Alex

By Paul Muolo

It's nice to know that some lenders are willing to take on risk. Check out the new FHA/VA product from New Penn Financial: a 560 FICO minimum.

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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