You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Clea Benson

Impending mortgage rules may make it hard to get loans

Mortgage bankers and real estate agents are warning that it could become even harder for borrowers to qualify for a home loan early next year as the industry faces new rules.

Regulators are preparing to release the language of two rules that take effect in January to set standards for nonabusive lending and require banks to hold a slice of risky mortgages. In addition, US banking overseers must also complete new capital standards mandated in the international Basel III accords next year.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week