How the JPMorgan deal could curtail credit: ""This is just going to make banks more conservative," said Jaret Seiberg of Guggenheim Securities. "If they're going to go after you for helping the government out in taking over distressed institutions in time of crisis, then why do you have any confidence that they're not going to go after you for some technical violations of the dozens of new rules coming down?"
New mortgage rules are scheduled to go into effect Jan. 1 that will further restrict lending. These include requirements that a lender show that the borrower has the ability to repay the loan, as well as restrictions on how much mortgage debt a borrower can have in relation to income."
'via Blog this'
No comments:
Post a Comment