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And if they don’t like this, they can tweet the Fed chief @benbernanke and tell him what they think!
Other topics covered this week by the duo in their daily video include a several-part examination of the uses of mobile technology.
The broad rise in the share of underwater loans across the country this winter came as borrower distress grew and home prices pulled back in some regions.
The San Diego-based lender reported a net loss of $23.9 million for the January-March period, down from a net income of $97.9 million the quarter prior.
Monetary policy is on track to loosen later rather than sooner. Housing finance firms may look more to home equity until or unless a change revives activity.
The comment period for the Affirmatively Furthering Fair Housing interim final rule has been extended, but consumer advocates are clear in their opposition.
Bill Pulte once again claimed he's signed over 50 directives at the housing regulator, although he's only made some of those that affect lenders public.
Much of the increase came from the wholesale channel, where margins were thinner, leaving them flat on for the origination unit on a sequential quarter basis.
