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February 25, 2014

Short Takes: JPM Continues to Slash Mortgage Jobs / Overlays Disappearing? Don’t Bet On It / Loss Mit Mortgage Firm Slapped with CFPB Fine / Lenders One to Hold Annual Pow-Wow with Members / Stonegate Actually Increased Originations

By Paul Muolo and Thomas Ressler

So, mortgage firms are reducing “overlays” and expanding credit to borrowers in need. Right? Not necessarily.

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Poll

With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher

48%

50% to 74%

24%

30% to 49%

14%

Under 30%

14%