What The New Mortgage Lending Rules Really Mean
Amy Fontinelle | San Francisco Chronicle | May 12, 2011 
Since the housing crisis began, mortgage lending guidelines and regulations have been continually changing in an attempt to eliminate the problems that caused the crisis. Each step in the process has had consequences for borrowers, lenders, the housing market and the broader economy. (For more, check out Are You Ready To Buy A House?)
Recently Enacted Changes
The Dodd-Frank Wall Street Reform and Consumer Protection Act passed in July 2010 is the source of the latest changes as it became effective in April. The act addresses numerous components of the financial services industry. One provision, the Mortgage Reform and Anti-Predatory Lending Act, contains several new laws specifically related to housing finance
