How to Minimize the Risks of New Mortgage Rules

July 10, 2013
The Federal Reserve made the right call recently when it delayed new risk-based capital standards for mortgages, likely until the impact of the Consumer Financial Protection Bureau's ability-to-repay rules is understood. A change in the weighted capital requirements for mortgages could itself have been a sea change for financial institutions. As it stands, the CFPB's ATR rules will create significant changes in the U.S. mortgage finance delivery system by shifting from a disclosure to a suitability-based regime. To read the full analysis, please click here.