Lending

May 23, 2013
Fixed-mortgage rates continue to rise: Freddie Mac

Fixed-mortgage rates continued to climb for the third straight week, with the 30-year, fixed-rate mortgage slightly...

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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," said Mike Fratantoni, Mortgage Bankers Association vice president of research and economics.

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

Regulatory burden: CFPB settles RESPA enforcement based on HUD statute, brought to light by the FDIC

The regulatory rabbit hole goes even deeper: "We find it interesting that, in seeking disgorgement, the CFPB appears to have relied on the remedies available under Dodd-Frank Section 1055 rather than RESPA," writes Richard Andreano Jr.

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