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WSJ: "Mortgage Rules Delayed In Regulator Spat"

By Implode-Explode Heavy Industries

"The housing finance mechanism is broken. The Federal government has Fannie and Freddie on life support. Seems like it might difficult for regulators to apply and implement new rules without a clear indication of how the housing finance mechanism will operate once the GSEs are reformed. So it comes as no surprise, in the absence of GSE reform, that regulators would pull the emergency chute on the implementation date of SOME of the regs outlined in the Dodd-Frank Wall Street Reform Bill."

Full post as published by Mortgage Lender Implode-o-Meter on January 08, 2011 (boomark / email).