Barely half of all homeowners today would qualify for a mortgage under the new, more restrictive lending policies, according to Housing Predictor.
In fact, according to Core Logic, only 54% of homeowners with a mortgage would qualify to put a 20% down payment on their current home.
Even with the Dodd-Frank regulations and Consumer Protection Act, which exempts lenders from risk retention, most homeowners would have trouble selling their current home today. Both were intended to stimulate mortgage lending and make loans cheaper.
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