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Mortgage - Banking Exchange
Cash-out borrowers used money to pay down credit card debt and auto loans
Fixed-rate mortgages moved even lower this week
Industry has reason for optimism with previously owned homes rising by 1.3% in July
Demand for housing loans increase by 16%
New proposal would also reduce paperwork burdens
British bank expected to sell between £3 billion and £4 billion of loans to raise capital
CFPB estimates the proposed rule will result in 22,000 additional mortgage approvals
Impact of CRE exposure on community banks has overshadowed the risk to larger banks
New report found 70% of Americans feel renting could impact their current and long-term finances
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