Down Payment Study; The “New” CFPB; Solid Housing and Lending Stats

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Posted To: Pipeline Press

Yes, rates have gone up, but residential applications have been up for three straight weeks. There is little denying that employment, housing, and the overall economy is doing well. (Yes, Toys R Us is closing 182 stores, but supposedly due to the shift in retail preferences.) And there is no denying that, despite all the smiles and congeniality at conferences, residential lending is a competitive business. Your success can result in another’s failure. The same environment exists in camel beauty contests in Saudi Arabia, which apparently have been wracked with a Botox cheating scandal. (You can’t make this stuff up.) CFPB and Regulatory Trends The Consumer Financial Protection Bureau, now led by the anti-CFPB ex-congressman Mick Mulvaney, has put a hold on regulations restricting…(read more)

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