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Dodd-Frank Mortgage Rules Harm Homeownership

January 14th, 2014 by [shareaholic app="share_buttons" id="27157108"]

By Around the Web New mortgage regulations resulting from the Dodd-Frank Act will harm homeownership, reduce credit, and prevent credit-worthy borrowers from obtaining an affordable mortgage, witnesses from Habitat for Humanity, community banks and credit unions told a House Financial Services subcommittee today. The regulations threaten the survival of Habitat for Humanity’s self-help homeownership model, said Frank Spencer, President and Chief Executive Officer of Habitat for Humanity of Charlotte, North Carolina. “As a result, tens, if not hundreds, of millions of dollars of investment in Habitat by……(read more)

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