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Pending Rules and Capital Requirement Will Slow Housing Recovery

Mortgage regulations strike again to affect housing recovery.

I don’t know anyone in the mortgage or real estate business that doesn’t feel that we are totally over regulated. Over-regulated that it costs each consumer more money to buy a home and get a mortgage. That many of the regulations that are going to be part of Dodd-Frank haven’t even been written. That many of the upcoming regulations could stymie the housing market.

As part of Basel 3, banks and lenders will have additional capital reserve requirements, which will change the lending landscape yet again. If additional capital requirements become required many of the lenders that are doing mortgages today may not be able to comply, which means some will go out of business or merge. You might say, so what? The problem is less competition means higher costs.

None of this really bodes well for a housing recovery.

Pending QM, DFA Rules Could Clip Originations by 600,000 Units By: Brian Collins

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Mrs. Lisa Bonanno, 6th grade Language Arts teacher at Assumption School, recognizes Hannah Mitchell, a seventh grade student who read eleven books from the Nutmeg lists.
Timothy Becker May 10, 2013 at 08:19 am
Assumption School offers an excellent education, with small class sizes. The environment isRead More welcoming for every child, and values that last a lifetime are taught. Students also make friends for life. I still hang out with my friends from the Assumption School class of 1966!
John Gollinger May 10, 2013 at 04:08 pm
Thank you.
Nutmegger May 10, 2013 at 03:06 pm
The Manchester Historical Society has a genealogy group that meets on (I believe) the second TuesdayRead More of every month. Contact info@manchesterhistory.org for details on how they can help you. Also, the Connecticut Society of Genealogists, Inc. regularly helps people with requests on their Facebook page. The CSG library is located right on Maple Ave. in East Hartford. Their website is csginc.org and their Facebook is at facebook.com/ConnecticutSocietyofGenealogists.