Mortgage

New lending rules could dampen Florida’s housing recovery

A new set of tighter mortgage rules designed to prevent the kind of lending frenzy that led to the 2007 housing crash are being established, but some worry they could dampen Southwest Florida’s budding housing recovery.

That is because the new rules, aimed at protecting consumers from abusive lending practices, could wind up making it even harder for some borrowers to obtain mortgages.

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3d rendering of a row of luxury townhouses along a street

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