| Oct 16, 2012 4:51PM Refinancing through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued to take advantage of record low rates . The two government sponsored enterprises (GSEs) refinanced 420,021 loans during the month, up from 356,091 in July. 138,678 of the loans were refinanced through Freddie Mac and 281,343 through Fannie Mae. So far in 2011 there have been 2,945,844 refinances completed through the two GSEs. Loans through the Home Affordable Refinance Program HARP also increased, but... Oct 16, 2012 9:12AM A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some further comment… The piece was on the Qualified Mortgage rule proposed by Dodd Frank and subjet to implementation as of January by the Consumer Financial Protection Bureau (CFBP). It says that lenders must prove a borrower's ability to repay a loan, and if it's determined that the lender doesn't do this, they may be subject...
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