The housing industry is facing significant regulatory transformations in 2020, and while the future of the market seems uncertain, one thing can be sure – these changes are likely to impact the landscape of housing for years to come.

At HousingWire’s engage.talent conference, a summit that brought together the industry’s top leaders and talent experts, Kris Kully, a consumer financial services attorney and partner at Mayer Brown, sat down to explain what recent and impeding regulation changes could mean for the housing industry’s mortgage lenders and borrowers.

According to Kully, there will be a huge focus on the housing finance industry this year, as lenders and regulators prepare for the Consumer Financial Protection Bureau’s updates to the Ability to Repay/Qualified Mortgage rule.  Additionally, she offers her opinion on whether or not these changes will negatively or positively impact this year’s borrower.