Lending

June 19, 2013
Bernanke: Fiscal policy becomes biggest headwind to growth

Ben Bernanke's message: Housing is nuturing the economic recovery while federal fiscal policy is weighing it down...

Read More
Lenders merit a common credit box, clearer rep and warrants: MBA

"If we are to have a fully functioning secondary market that provides sustainable access to credit for qualified borrowers, then the development of transparent and consistent credit underwriting standards are of the upmost importance," said Debra Still, chairman of the MBA.

Mortgage applications reverse, decline again

Mortgage applications fell 3.3% for the week ending June 14 as home purchases and refinancings cooled. Both the refinance and purchase index fell 3%, after each rose 5% a week earlier.

ReWired

Life of a Loan: The purchase mortgage

Like a person, a loan goes through many stages of life. It starts from birth as a purchase application, and as long as it stays on the right path, it will eventually be paid off. Part one of Life of a Loan dives further into what entails a purchase application. 

Read More