WINNERSLOSERSMortgage borrowers6 of 19Mortgage borrowers will likely see their borrowing options restricted to "plain vanilla" loans such as 30-year fixed mortgages and 5/1 ARMs. Oversight by the Consumer Financial Protection Bureau will likely mean that more exotic products such as option ARMs and interest-only mortgages will become more difficult to find. Mortgage borrowers will also benefit from fees, including points, being capped at 3 percent of the loan amount.« Back to Financial Regulation. Related Articles:Fed's monetary policy toolboxHelp for mortgage borrowers?Financial meltdown: Credit cardsHow safe is your bank?Related Links:Types of banking institutionsSafe places for cashHow the economy affects youCommon mistakes in a bad economy advertisement
Mortgage borrowers will likely see their borrowing options restricted to "plain vanilla" loans such as 30-year fixed mortgages and 5/1 ARMs. Oversight by the Consumer Financial Protection Bureau will likely mean that more exotic products such as option ARMs and interest-only mortgages will become more difficult to find. Mortgage borrowers will also benefit from fees, including points, being capped at 3 percent of the loan amount.
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