According to figures compiled by Inside Mortgage Finance, all home lenders produced $700.0 billion of product in the third quarter. If the rest of the industry’s results emulate the numbers reported by Wells and JPM, it’s entirely possible that 4Q may have been better than many analysts predicted.
The new department will be modeled after the Consumer Financial Protection Bureau to “provide consumers with more protection against unfair, deceptive, and abusive practices.”
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