ABA Survey: Regulatory Burden Continues to Restrict Mortgage Lending

WASHINGTON, May 18 -- The American Bankers Association issued the following news release:

Seventy-seven percent of respondents to the American Bankers Association's 25th annual Real Estate Lending Survey described mortgage regulation as having a negative impact on business production and consumer credit availability.

In the survey released today, nearly 3 in 4 bankers said that Qualified Mortgage (QM) rules - which impose stringent rules that exceed "ability to rep . . .

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Blair Bernstein, 202/663-5468, bbernste@aba.com