Home » 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

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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

February 3, 2014

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.

News IMFnews Inside Mortgage Finance Inside MBS & ABS Inside the CFPB GSEs Originations Servicing Personnel

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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

Latest Imf News

Refi Volume at GSEs Up 66.4% on Monthly Basis in October

Lenders Call on GSEs to Rescind Property Insurance Directive

CFPB Expected to Be Busy Prior to Chopra’s Departure

Fed’s Small Test Sales of MBS Prompt Speculation

Featured Data

GSE Earnings Resilient in a Tight Housing Market

Banks Generate Small 3Q24 Gains in Mortgage Banking

Refinance Loans Surge in October Agency Market

Refi Volume Spikes in Third Quarter, UWM Stands Out

Featured Reports

Top Mortgage Players: 2Q24 (PDF)

Mortgage Profitability Report 2Q24 (PDF)

Agency Channel Analysis: 3Q24 (PDF)

IMF Mortgage Directory: Full interactive database

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?