Jun 1 2018 46190 1

Jun 1 2018 46190 1

New Legislation May Make It Easier For Non-Traditional Buyers To Secure Mortgages

Following the financial crisis of 2008, the Obama administration passed the Dodd-Frank Wall Street and Consumer Protection Act which, in an effort to clean up the mortgage industry, imposed stricter regulations around lending. The legislation completely changed the mortgage industry and made it much more challenging to secure a loan.

But now that the housing industry has recovered, new legislation has just passed that’s meant to loosen up some of the restrictions put into place under the Dodd-Frank Wall Street and Consumer Protection Act and make it easier for more people to get the mortgages they need to become homeowners.

According to a recent article from Realtor.com, the new legislation could be a complete game-changer for non-traditional borrowers who have struggled to obtain a mortgage. The legislation loosens regulations on small-to-mid-sized banks, allowing them to offer more loans to potential buyers—including those who have had credit issues or don’t have enough viable credit to get a loan today.

The Takeaway
If you’ve struggled to secure a mortgage in recent years, this new legislation could completely shift the market and enable you to get the funding you need to become a homeowner.


Jill Denton CalBRE 01804876 Headshot
Phone: 925-998-7747
Dated: June 1st 2018
Views: 16
About Jill: A home is not a home because of its size or the color of the walls. It is about how you feel when y...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Homes Flying Off The Market In Record Time Thanks To Low Inventory - Homes Flying Off The Market In
Jun 1 2018 46190 1 - New Legislation May Make It Easier
Spark A Bidding War - Ready to make a move? Have a
Feb 9 2018 46190 1 - My background is in Interior

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Chuck Barberini CalBRE 01324660
2603 Camino Ramon Suite 200
San Ramon, CA