From fiercefinance: One view is that the new rules will
crimp mortgage lending at least in the short term. One could argue that a net
decline in lending is a good thing if it will end the once-rife practice of
giving anyone a loan regardless of the loan quality or the debtor's ability to
repay. Overt time, these rules should lead to much higher quality loans and
much more safety from legal liability for lenders that make qualified loan.
Either way, the conditions for a lasting, healthy recovery
in the housing sector are slowly materializing. But there is still work to be
done….
Read more: CFPB leaves GSE questions unanswered -
FierceFinance
http://www.fiercefinance.com/story/cfpb-leaves-gse-questions-unanswered/2013-01-11#ixzz2ILTmvLH8
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