Stricter Mortgage Standards May be Hurting Economy, Report Says

Citing research by Beacon Economics, the California Bankers Association warns that limited access to mortgage credit is hindering the economy.
The Sacramento-based association says stricter underwriting standards are making loans more difficult for buyers to get.
And the association said national policies resulting from the Dodd-Frank Act aimed at protecting homebuyers will in fact make many buyers ineligible for mortgages.