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It was true, too, that Federal mortgage regulations and private covenants conspired to keep much of suburbia white.
As far as I can make out, the origin of the credit problem was people withdrawing cash from houses they already owned after mortgage regulations were eased.
Mortgage regulations were relaxed and there were huge profits in the financial sector; some stock prices tied to real estate and financial firms skyrocketed.
Like the recently released - and controversial - regulations governing business and investment interest deductions, the mortgage regulations are expected to contain some burdensome "tracing" requirements.
Concerns over high Canadian household debt levels led to changes to mortgage regulations announced June, 2012 by Finance Minister Jim Flaherty.
Young Londoners, for whom home ownership is furthest from reach, might like to see tighter mortgage regulations but they also really need a radical shakeup of tenancy rights.
Senator Charles E. Schumer, a Democrat of New York, said yesterday that he favored an overhaul of federal mortgage regulations, citing widespread concern about the surge in defaults and foreclosures involving subprime mortgages, risky home loans made to people with weak credit.