Just stumbled across something interesting today—apparently regulators have quietly tightened up mortgage lending rules again. Seems they're trying to cool down the housing market a bit, you know, make sure people aren't biting off more than they can chew. I didn't even realize this was on the table until now. Wondering if anyone else caught wind of this or knows more details...
I noticed this popping up recently too, and honestly, it's not all that surprising. Back when I started advising clients—must've been around 2008 or so—the market was a rollercoaster. Regulators have been cautious ever since, tweaking rules quietly here and there to avoid another wild ride. It's definitely a good thing they're trying to keep people from overextending themselves, even if it feels sudden. Still, I get how frustrating it can be when these changes sneak up on you...
Yeah, totally get what you're saying. Reminds me of around 2012 when they tightened lending criteria overnight... had a client mid-deal who suddenly didn't qualify anymore. It's frustrating, but honestly, better cautious than another crash, right?
Had a similar scenario around that same time—client was literally packing boxes when we got the call he no longer qualified. Talk about awkward... But yeah, better a little frustration now than a repeat of '08. Lesson learned the hard way, I suppose.
Yeah, ran into something similar recently. Had a deal lined up, numbers looked solid, then suddenly the lender tightened their criteria overnight. Had to scramble to restructure the whole thing—definitely wasn't expecting that headache. Agree with the point above though, better some short-term hassle than another market crash. Curious if this tightening is across all lenders or just certain ones being extra cautious...
