MBA President and CEO Bob Broeksmit, CMB, released a statement on the Consumer Financial Protection Bureau’s final rule (Section 1071) on the Reconsideration of Small Business Lending Under the Equal Credit Opportunity Act (Regulation B).
Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing to $2,131 from $2,061 in February, according to the Mortgage Bankers Association's Purchase Applications Payment Index.
The Bureau of Economic Analysis released Q1 gross domestic product advance estimate data, finding that it increased at an annual rate of 2%. MBA Chief Economist Mike Fratantoni shared his analysis.
Industry news from LenderLogix, Class Valuation and Penny Mac.
