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 Economy news: More US Fed restrictions on mortgage activity
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The US Federal Reserve is imposing additional restrictions on mortgage activity in an effort to prevent a repeat of the 2008 financial crisis. The new rules, which will go into effect in September, aim to address concerns about risky lending practices and the potential for another housing bubble. The restrictions include limits on debt-to-income ratios for borrowers, stricter underwriting standards, and increased scrutiny of mortgage lenders. The move comes as the US housing market continues to experience strong demand and rising home prices. Critics argue that the new regulations could make it harder for some borrowers to qualify for mortgages and could slow down the housing market.



https://news.google.com/rss/articles/CBMijAFodHRwczovL3d3dy5pbnZlc3RpbmcuY29tL25ld3MvZWNvbm9teS1uZXdzL21vcmUtdXMtZmVkLWRpc3RyaWN0cy1zZWUtcHVsbGJhY2staW4tZWNvbm9taWMtYWN0aXZpdHktaW4tcmVjZW50LXdlZWtzLWZlZC1zdXJ2ZXktc2hvd3MtMzUyMzQ4MNIBAA