There continues to be some nervousness about VA receivables because of streamlined refinancings, although regulators are trying to curb abuses in the program.
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“The other natural job would be as CFPB director,” the Cowen analyst continued. “That said, Hensarling has shown much greater interest in housing finance…”
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The trade group also found that refinancings are declining as well: down to 48.7 percent of all new applications from 49.5 percent for the week ending Oct. 20.
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