2018 Dodd-Frank changes and owner-occupied residential lending

4 Replies

Originally posted by @Larry Goff :

Does anyone know if the 2018 changes to the Dodd-Frank law will once again allow private lenders to loan on owner-occupied residential properties?

Thanks!

 No.  To my knowledge, the changes did nothing to allow private lenders to loan on owner-occupied residential properties and the rules for covered mortgages are still in force.  It really did nothing to the CFPB or how it regulates covered mortgages.  I've linked to a biased, but pretty informative story from Brookings Institution.

https://www.brookings.edu/research/no-dodd-frank-w...

Originally posted by @Carolyn Morales :

I wanted to know the same thing. Are we limited to 2 owner financed properties per year? 

@Stephanie Potter

@Larry Goff

I'm not certain about the rules for owner financed properties.  Dodd-Frank really didn't change in those situations to my knowledge, but that's not my area of expertise and speculation in this case could be costly.

Sorry

Stephanie