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Anti-Dodd-Frank lawmaker urges relaxed bank regulations

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Mortgage Professional America | 16 Jul 2013, 06:00 AM Agree 0
A Republican lawmaker has proposed legislation he says will ease ability-to-repay requirements for banks
  • Griff | | 16 Jul 2013, 09:33 AM Agree 0
    Begs to question how much campaign money came from the banking industry.
  • Patty | | 16 Jul 2013, 09:35 AM Agree 0
    I completely agree and believe we need some reform to the Dodd-Frank act and the complexity of the life we live in. In an effort to help the consumer, we have gone overboard and have actually made some things more complicated and confusing. Some changes were needed and some have helped, but many others are completely counterproductive, costly, confusing, and helping no one. Lets use some common sense.
  • Brian | | 16 Jul 2013, 10:42 AM Agree 0
    Griff, The ability to repay rule will stifle mortgage lending immensely
  • Brian | | 16 Jul 2013, 10:44 AM Agree 0
    Griff, the ability to repay rule will stifle the home market. Plus the regulators have told the Banks that, if they stop making the non-compiant mortgages, it will be discriminatory. Lose/lose
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