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The MBA's index of housing credit availability drops in September to the lowest since February 2014.
Fannie Mae's former CEO is launching a new online platform for making loans.
Lower mortgage rates combined with a higher refinance index indicates that prepayment speeds are likely to increase.
Applications to refinance home loans are close to their highest levels since November 2016.
According to a new report by JPMorgan MBS strategists, August could see a 20% bump.
"What are they trying to fix, exactly?"
The most recent forecast calls for a 15% increase in prepayment speeds for May.
The subprime consumer-loan industry may now get a boost under a proposed rule issued Feb. 6 by the CFPB.
Rising mortgage rates have pushed home affordability to near its lowest level since 2008.
November is shaping up to be another poor month as it currently stands at -17 basis points.