Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
New mortgage rules hindering borrowing, says Mortgage Bankers Association executive
Numbers decreased significantly from a net gain in the fourth quarter of 2013 to a net loss
June 19, 2014
Independent mortgage banks and mortgage subsidiaries of chartered banks posted a net loss of $194 on each loan they originated in the first quarter of 2014, significantly down from $150 in profit per loan in the fourth quarter of 2013. This is the sixth consecutive quarter that production income has decreased. The chief financial officer of the Mortgage Bankers Association said that new rules from the Consumer Financial Protection Bureau are constraining production capabilities and preventing less credit-worthy borrowers from obtaining a mortgage.
More like this
Comments on: "New mortgage rules hindering borrowing, says Mortgage Bankers Association executive"
Point Of View
Got a story you want to share with PB readers? Write ddersin@sgcmail.com or aalbert@sgcmail.com
Ask Mollie
Q. My sales person seems to be doing a good job with our social media, but how can I tell for sure?
—Builder, La.
Blogs
July 14, 2017
When we are completely focused on a task, we’re said to be “in the zone.” I call it being on a roll, and once it kicks in I can write for hours without a break, and invariably I do my best work.
Videos
Astonishing test of waterproofing materials takes ASTM D779 out of the lab and into Lake Tahoe.
Related News
SUBSCRIBE TODAY
Enter your email address here to be automatically subscribed to our daily newsletter!
PB-Codes and Standards,PB-Housing Zone
