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Mortgage Compliance - Banking Exchange
Mortgage rates moved demonstrably higher last week
Three-day winning streak after less anxiety from trade fears
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
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