Lending

May 21, 2013
Mortgage apps tumble, refis drop to lowest since late March

"The refinance index has fallen almost 19% over the past two weeks and is back to its lowest level since late March...

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QM likely to shrink mortgage lending space

"As the mortgage market strengthens, the rule should provide appropriate safeguards without becoming a straightjacket," said Kelly Cochran, assistant director for regulations with Consumer Financial Protection Bureau.

ReWired

Lots of chatter over the HECM program without a clear solution

The reverse equity debate inside the Rayburn House Office Building reached a boiling point Thursday as representatives from the Federal Housing Administration listened to lawmakers fire off questions about the importance, or lack thereof, of the reverse mortgage program.

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