New Mortgage Rules: Like Y2K Panic
CNBC, Nov. 23, 2015–Olick, Diana
New rules designed to give borrowers a better understanding of their home loans are apparently not causing the widespread disruptions in the housing market that some predicted. “I think it was a Y2K analogy where expectations of the worst happening just weren’t there,” said David Stevens, CMB, president and CEO of the Mortgage Bankers Association.
