An industry association has argued against the disproportionate impact of the 3% cap on brokers, saying brokers fulfill the function of doing loans banks can't
Industry figures have blasted the 3% points and fees cap, while supporting legislation that would amend the way the cap is calculated
Contradictory rules have made mortgage lending a "minefield" for bankers, threatening the housing recovery, it has been claimed.
In a communication obtained exclusively by MPA, it has been revealed that the CFPB will not budge on QM or the 3% rule, and anticipates broker backlash
The Fed chair yesterday indicated that the Reserve could ease off the gas for its bond buying program. How should you be preparing?
Small lenders and originators have put forward legislation they say will protect them from what they've called "unfair and unreasonable" federal regulations