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

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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