Mortgages Face New Rules

Some Worry About Higher Costs, Fewer Choices for Borrowers

The kinds of mortgages you see today—fixed-rate loans [or] if it's an adjustable rate, it's pretty conservative in its terms—those are going to be the loans you see for a long time in the future," said Glen Corso, managing director of the Community Mortgage Banking Project, which represents small, independent mortgage lenders. "There's not going to be any room for experimentation or trotting out loans that have new features."

To read the full article By NICK TIMIRAOS And JAMES R. HAGERTY published in Wall Street Journal