First Business

April 02, 2013

Wis. bank official: New mortgage rules too hard on balloon loans

New federal mortgage regulations could make it harder for people with poor credit, farmers and business owners to receive home loans, said Rose Oswald Poels, president and chief executive officer of the Wisconsin Bankers Association.

Oswald Poels spoke about the changes on the latest episode of "WisBusiness: The Show," a Web series produced for the website WisBusiness.com.

New rules released recently related to the Dodd-Frank Act offer legal and regulatory protections for â;€Âoe;qualified mortgages,â;€Â;â;€¦;

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