All in all I think this would be a good thing. …at least from a mortgage perspective.
Almost all of the actions resulting from Frank Dodd that were intended to help the consumer ended up hurting the consumer.
…for instance, an appraisal costs about twice what it did before Frank Dodd, and takes much longer to get done. …and, there are dozens more examples just like that.
We’ll see what happens. I’ll be watching with great interest, and I’ll let you know what if anything gets done.
Remember, we have a 1% down Conventional loan product for you now. Here is the link to read about it… http://www.berkshirelending.com/2016/12/05/new-1-conventional-loan-product/
Have a good day today!
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