The CFPB’s proposal to replace the 43% DTI ratio limit for determining QMs with a price-based approach has received support from industry participants.
Fewer borrowers are staying with their previous lender/servicers post mortgage refinancing. Quicken Loans stands out with an exceptionally high retention rate.
Bank of America, Wells Fargo and Chase ranked first, second and third, respectively, in terms of ARM lending in the second quarter. All are megabanks...
Expanded-credit lending declined in the second quarter as many prominent nonbanks paused production. However, lending by depositories helped prop up volume, led by Citi with its menu of interest-only mortgages. (Includes data chart.)