A number of groups representing lenders and consumer advocates said the CFPB should abandon an effort to extend the QM patch beyond July 1. The regulator also faces hurdles involving the GSEs and federal rulemaking requirements.
Most banks reported further declines in their home-equity portfolios, and the three biggest players in the sector continued to pull back. But credit unions and some regional banks stepped up. (Includes three data charts.)
Mortgage industry groups continue to put pressure on the Treasury Department and the Federal Housing Finance Agency to revisit the restrictions on the amount of loans Fannie Mae and Freddie Mac can purchase.