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