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.
via Dodd-Frank Mortgage Rules Harm Homeownership | House Committee on Financial Services.
