Bipartisan Bill Would Ease Restrictions on Construction Lending

National Mortgage News, Apr. 27, 2017–Allison Bisbey (subscription)
The bill, sponsored by Rep. Robert Pittenger, R-N.C., and Rep. David Scott, D-Ga., would clarify rules that critics say have caused banks to pull back from construction lending, hurting credit availability and driving loans into risky, unregulated sectors.