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Mortgage Loans More Accessible as Rules are Relaxed

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After an international financial crisis which restricted loan monies and limited economic expansion, federal regulators are beginning to reverse their stance on mortgage loans and the limitations that were previously imparted. In an effort to further boost the housing rebound, some of the regulatory restrictions that were placed on mortgage loans are being scaled back.

In the weeks ahead, six agencies, including Fannie Mae and Freddie Mac, will confirm new rules for mortgages, essentially abandoning earlier proposals requiring larger down payments from borrowers. This marks a sharp shift from just a few years ago, when Washington, scarred by the economic plummet, pushed to constrain the flow of money fueling the housing bubble and its subsequent bust.

For more than a year, top White House and Federal Reserve strategists have expressed concern that the housing sector, historically a key component of economic recovery, has been slow to regain momentum following the financial crisis. As a result, the overall national economy has yet to fully rebound.

The new rules are expected to provide less restrictive qualifications for home loans. Mr. Watt, former North Carolina congressman who took over as the director of the Federal Housing Finance Agency in January, told the Wall Street Journal that he hoped the changes would “substantially reduce” credit barriers.

Mortgage companies like Starkey Mortgage (WR Starkey Mortgage, LLP NMLSR #2146) welcome the opportunity to provide even greater lending opportunities to home buyers in metro Atlanta. With the slow but steady return of the housing industry, homeownership will once again be a goal and point of pride for young professionals and growing families.

Doug Casbon, a regional manager with Starkey Mortgage, explained, “By directing their focus towards making more credit available to homeowners, it will enable more first-time home buyers to enter the market.”

If you are interested in obtaining a home loan or refinancing your home, please contact your Starkey Mortgage representative or Regional Manager Doug Casbon (NMLSR #544324, Georgia License #33169) at or call 678.350.9020.

At Starkey Mortgage, people are key. The mortgage company prides itself on creating loyalty and long-term relationships with its customers and employees. As a full-service mortgage banker, Starkey Mortgage originates, processes, underwrites, closes and funds residential mortgage loans in its name. This “in-house” authority provides increased control over the mortgage process which results in superior customer service. For information on Starkey Mortgage, visit

Equal Housing Lender. 7000 Central Pkwy NE, Suite #1440, Atlanta, GA 30328. Branch NMLSR #909552, Branch License #60841. Phone: 678.350.9020.

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