The Real Deal Miami

Fed government may ease up on mortgage regulations 

April 28, 2008 03:26PM

The federal government may be backing down on tighter regulations meant to remedy the mortgage crisis, after housing industry leaders said that tougher rules will only make mortgages more expensive. The new rules include harsher standards that would force lenders to prove that their customers can afford their mortgage. Opponents say the proposals will cause an increase in lawsuits brought against lenders.