2018 Dodd-Frank changes and owner-occupied residential lending

[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!

[Stephanie P.]

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...