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Mortgage Reform Could Further Tighten Lending Standards

Southwest Florida’s bustling real estate industry is bracing for mortgage reform that could dramatically tighten lending standards for homebuyers.

Under the most dire scenario spun by the American Bankers Association, the looming “Qualified Mortgage” rules of the Dodd-Frank Act could push interest rates higher by one to four percentage points and trim by half the number of mortgages being issued.

via Mortgage reform could further tighten lending standards | HeraldTribune.com.

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