The new mortgage rules might actually help the housing market

Boston condos

Here’s a surprise: New mortgage regulations that were implemented last Friday might actually help consumers.

The bottom line, according to this Zillow report, is that many lenders have already adopted new practices now required by the recently established Consumer Financial Protection Bureau (CFPB).

As a result, not a whole lot will change in the mortgage market, Zillow claims.

Except, of course, there will be more required documentation. No new regulations would be true regulations without more documentation. Right?

File under: Bureaucracies — can’t live with ‘em, can’t live without ‘em

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Boston condos

Boston condos for sale

SEARCH FOR CONDOS FOR SALE AND RENTALS

• Back Bay condos  $500k – $1M
• Beacon Hill condos $500k – $1M
• Charlestown condos $500k – $1M
• Charlestown Navy Yard condos $500k – $1M
• Dorchester condos for sale
• Dorchester Heights condos
• Fenway condos $500k – $1M
• Jamaica Plain condos $500k – $1M
• Leather District condos $500k – $1M
• Midtown downtown condos $1M – $5M
• Seaport District condos 4500k – $1M
• South Boston condos $500k – $1M
• South End condos $500k – $1M
• Waterfront condos $500k – $1M

For more information please contact one of our on-call agents at 617-595-3712.

Updated:  1st Q 2018