J. Scott Harris – MortgageXperts.com

Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them! We close loans every day that Banks would not, or could not approve. NMLS # 375517 – Mobile 214-435-8825

J. Scott Harris – MortgageXperts.com - Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them!  We close loans every day that Banks would not, or could not approve. NMLS # 375517  – Mobile 214-435-8825

Regulators to Ease Mortgage Lending Rules | Reverse Mortgage Daily

Federal regulators are changing their tunes on tighter mortgage lending standards, fearing that constrictive rules could “snuff out” the housing recovery, reports The Wall Street Journal.

This week, Federal Housing Finance Agency Director Mel Watt made comments saying Fannie Mae and Freddie Mac should direct their focus toward making more credit available to homeowners—a reversal from previous directives to lessen their footprints in the mortgage market.

via Regulators to Ease Mortgage Lending Rules | Reverse Mortgage Daily.

Category: Mortgage News