0 minute readThe big financial overhaul bill just got a lot bigger. Originally weighing in at 1,500 pages, the bill now totals close to 2,000 pages thanks in large part to a decision by Democrats to add “Section 14” — tougher rules on home loans. Section 14 is essentially a bill the House passed in May 2009 that would create new restrictions on mortgage lending.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio