Capella Mortgage declares a State of Emergency. 340 people have their hopes of home ownership crushed by the latest regulations of Dodd-Frank. Under the new rules, lenders refuse to lend money. Not because the loans are unsafe, but because the government has said that it is okay to sue the lender and the lender will have to prove that the borrower had enough money to pay the mortgage payment, even if the borrower lost his job the next day.

Leave a Comment

Your email address will not be published. Required fields are marked *