Urban Institute: Qualified Mortgage impact overblown

Urban Institute: Qualified Mortgage impact overblown

New rules have only slightly slowed mortgage lending

WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”

BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch
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The Ticker

Dropping mortgage applications create Wall Street fluster

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() Hovnanian Enterprises (HPV) are up on better than expected earnings, rising 1.8% to $6.08. But stock prices for other homebuilders are falling, continuing a downward slide that began in mid-May when hopes for a housing market rebound sent the industry to a six-year high, according to Barron's.

To see other homebuilder activity on Wall Street today, click here.

Source: Barrons
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