Commentary: Ready for Tougher Underwriting and to Pay More for Your Mortgage?

There are some new rules coming down the pike for banks that will drastically alter the lending landscape. What are they, and should you care?
I’m amazed that there has not been more talk regarding a big change in banking regulation. There are new regulations being phased in that will impact every borrower in a big way.
What is the new rule? The CFPB issued a new HMDA (Home Mortgage Disclosure Act) rule in October 2015, which vastly expands the data points and fields that are required to b