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

Refi, purchase apps switch places over the years

Since the housing crash in 2008, the ratio of purchase applications versus refinancing has completely switched. However, as the market levels out, purchase applications are likely to dominate the market again. 

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