Dallas Real Estate and Short Sale Blog

Mortgage Lenders See Tighter Credit in Wake of New U.S. Rules

We're finally getting the housing market going again and now new Federal Regulations may make it even harder for buyers to obtain a mortgage.

Mortgage bankers and Realtors are warning that it could become even harder for borrowers to qualify for a home loan early next year as the industry faces a barrage of new rules.

Read more: Mortgage Lenders See Tighter Credit in Wake of New U.S. Rules

We'll have to wait and see what impact this has on our fragile housing recovery.

Source: San Francisco Chronicle

Originally posted at http://www.thebranchteam.com/wordpress/2012/10/24/mortgage-lenders-see-tighter-credit-in-wake-of-new-u-s-rules/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

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Comment balloon 1 commentTom Branch • October 24 2012 07:45AM
Mortgage Lenders See Tighter Credit in Wake of New U. S. Rules
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