Why are regulators loosening lending standards?

More people may soon enter the market

October 23, 2014
Mortgage, Regulation

This week, six agencies adopted a milder version of the stringent down payment regulation put into force three years ago, The Washington Post reports.

 

The Federal Housing Administration announced that they may soon consider lowering the fees charged to borrowers on the loans it insures. Meanwhile, the Secretary of Housing and Urban Development Julian Castro announced that boosting the homeownership rate is at the top of his agenda.

 

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