{"id":195449,"date":"2008-07-08T17:47:00","date_gmt":"2008-07-08T22:47:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/08\/fed-partially-closes-barn-door-cows-still-missing\/"},"modified":"2008-07-08T17:47:00","modified_gmt":"2008-07-08T22:47:00","slug":"fed-partially-closes-barn-door-cows-still-missing","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/08\/fed-partially-closes-barn-door-cows-still-missing\/","title":{"rendered":"Fed Partially Closes Barn Door, Cows Still Missing"},"content":{"rendered":"<p>They are <a href=\"http:\/\/www.reuters.com\/article\/gc03\/idUSWBT00934020080707\">adopting new rules to protect home buyers<\/a>.<\/p>\n<p>A promising sign is that the mortgage industry hates the proposal.<\/p>\n<p>Bullet points:<\/p>\n<ul>\n<li>A requirement to show that borrowers could realistically afford the mortgages.<\/li>\n<li>Disclosure of all fees.<\/li>\n<li>Restrictions on advertising.<\/li>\n<li>An expansion of loans to whom the regulations apply.  It had been more than 8% above T-Bills, and it will more than 3% above T-bills.<\/li>\n<\/ul>\n<p>I agree with the consumer advocates who think that it&#8217;s not enough, but it&#8217;s a start.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>They are adopting new rules to protect home buyers. A promising sign is that the mortgage industry hates the proposal. Bullet points: A requirement to show that borrowers could realistically afford the mortgages. Disclosure of all fees. Restrictions on advertising. An expansion of loans to whom the regulations apply. It had been more than 8% &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-195449","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195449"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195449"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195449\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}