Tag Archives: Fed Basel III Rule a Win for Real Estate

The National Association of REALTORS® and industry partners notched a key victory in ensuring the continued availability of mortgage financing for borrowers when the Federal Reserve board yesterday released its final rule implementing the BASEL III international banking accords. The rule leaves out an increased risk-weighting provision in the earlier proposed version of the rule that would have made residential mortgages more costly to many borrowers. The proposed rule would have required banks to hold more capital on their books for the residential loans they make. But the final rule […]