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"There was a significant increase in mortgage activity in the third quarter of 2015.
(Much of the recent subprime mortgage activity was about refinancings, but not all).
If it went into effect, they say, it could slow down mortgage activity.
The refinance share of mortgage activity accounted for 50.1percentt of all applications.
The refinance share of mortgage activity accounted for 36.8percentt of all applications.
The refinance share of mortgage activity accounted for 38.7percentt of all applications.
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And JPMorgan's announcement may not stop ongoing criminal probes into its mortgage activities.
JPMorgan Chase, America's largest bank, has provisionally agreed to pay $13 billion to regulators to resolve investigations into its mortgage activities.
The Justice Department has also begun a preliminary inquiry into Goldman's mortgage activities before the financial crisis, according to people briefed on the matter.
In good Aristotelian fashion, he insists that the proper end of all mortgage activities is financing new houses and factories.
Merrill Lynch was also in the news on Friday morning, as the SEC has contacted regulators looking into the Wall Street firm's subprime mortgage activities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com