Home loans will become more difficult to get, Petrou says

10/24/2012 | Bloomberg

Less-than-perfect borrowers who want to buy homes in the U.S. will find it more difficult to qualify for mortgages next year due to unintended consequences of overlapping mortgage rules, according to a study released this week by Federal Financial Analytics that was commissioned by SIFMA. "Regulators in every cubicle at all of the agencies are tightening each of their rules so drastically that the combination of all of them will stifle a return of private capital to securitization, blocking constructive change at the GSEs to end their conservatorship and limiting credit availability for all but the most gold-plated borrower," said Karen Shaw Petrou, the author of the study who also spoke at the SIFMA Annual Meeting.

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