Last year’s estimated refinance production has been raised, while the purchase-money estimate was lowered. Forecasts for both categories were lifted for this year and next year.

Single-family loan oriThe acting director of the Consumer Financial Protection Bureau has requested no funding for the consumer watchdog agency in his first quarterly funding request.

In a letter Wednesday to Federal Reserve Board Chair Janet Yellen, CFPB Acting Director Mick Mulvaney said, " the bureau is requesting $0."

The letter continued, "I have been assured that the funds currently in the bureau fund are sufficient for the bureau to carry out its statutory mandates for the next fiscal quarter.

Source: Mortgage Daily