Ever since the Qualified Mortgage rule went into effect a few years ago, borrowers who don’t have a traditional source of income have had a hard time getting a mortgage. Well, a bipartisan push is underway in the Senate that could change that. Late Tuesday, Sens. Mark Warner, D-Virginia, and Mike Rounds, R-South Dakota, announced they are introducing legislation designed to make it easier for self-employed borrowers to get a mortgage.

Home sales are slowing as the year stretches on, however, that’s not true for one market segment – first-time homebuyers. In fact, first-time buyers purchased more homes in the first half of this year than any first half since 2005.

Serent Capital, a San Francisco-based private equity firm, and owner of Docutech, just made its 12th investment in fintech and fourth in the lending technology market.

The Trump administration is considering making changes to the Community Reinvestment Act, the federal law that requires banks to meet the credit needs of all communities they serve, including low- and moderate-income neighborhoods. The Office of the Comptroller of the Currency announced Tuesday that it is looking to “modernize” the CRA and wants public comments on how best to do so.

The FHFA announced Tuesday its new proposed rule which would amend its rule on golden parachute payments in order to reduce compliance burdens. The agency explained some parts of the rule are too broad, and overregulate areas where there is little risk of excess or abuse.