American Banker recently called for a data-driven analysis of the economic impacts of the Dodd-Frank Act and related regulations. We welcome the call for an empirical assessment of regulatory impact. At the same time, we caution against the belief that a single number or set of numbers can quantify the impact of a complicated law on a complex system.
Since the Housing Finance Policy Center’s inception last October, we’ve made it our primary focus to dive deeply into the data to better understand the interplay of market forces, regulations, laws and other factors.
I think the Dodd-Frank Act is destroying the mortgage industry with new rules & overregulation. If China can participate in Shadow-Lending & get away w/ it, then so should we!