mortgage regulation: Regulations, Verifcations, & Complications
- 11/13/09 03:01 AM
Over the past two years the face of the mortgage industry has changed much like the Picture of Dorian Gray. A swarm of regulation proposals that is still buzzing today has affected lenders, appraisers, real estate agents and customers. With more regulations to come it will only be harder for customers to get a mortgage. More verification, more paperwork, more compliance can only equal one thing to the consumer: Higher Cost. I heard a good summation of what the government and regulatory agencies are telling the banks- One one hand you have Washington saying, "Lend More Money!" then on the other (0 comments)