Earlier this morning on Twitter, national economics correspondent for The Wall Street Journal, Nick Timiraos, tweeted seemingly contradictory coverage on the recent Fed report concerning regulations on home loan approvals.
Timiraos tweeted that there is coverage of the Federal Reserve's recent finding on the impact of regulation on mortgage originations. HousingWire reporter Trey Garrison reported that the Fed found that the rules drive down originations.
Another news organization reported the opposite. Timiraos tweeted the two articles side-by-side for readers, so that they could draw their own conclusions.
But, naturally, I defended the veracity of HousingWire coverage. And, the competition, naturally, defended theirs. (Note, Timiraos wasn't taking sides.)
Furthermore, it is my opinion that regulations from the Consumer Financial Protection Bureau do more to harm mortgage originations than help them.
read more....
http://www.housingwire.com/blogs/1-rewired/post/30935-this-1-chart-shows-mortgage-death-valley
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