
New Mortgage Rules Squeezing Credit? Fed Says No (But…)
A Federal Reserve survey of loan officers concludes that ability-to-repay and qualified mortgage rules that went into effect earlier this year are not having a significant impact on residential mortgage loans. However, a closer look at the numbers reveals that only 47% of respondents at smaller institutions say that approval ratings for residential mortgages are "about the same," compared to 78% of large bank respondents. [8/6/14]