The Unintended Consequences of the Mortgage Regulation

Matt Welch: The mortgage industry and, you know, the real estate industry are very much opposed to this new regulation. A conservative looks at that and says this rule or this increase in the fees may actually end up resulting in more people renting because they just don't want to deal with the mortgage application process. "I think it's a potential lesson in unintended consequences here," he said. 'The left hand doesn't know what the far left hand is doing'