Regulators at the Federal Reserve are torn between two imperatives.
Data: BPI; Chart: Axios Visuals— would make it even harder for low- and middle-income Americans, a group that includes a disproportionate number of Black Americans, to get a mortgage.The Federal Reserve is being torn between two imperatives — strengthening the banking system and preserving the ability of under-served borrowers to get onto the bottom rung of the housing ladder.
Large banks would have to hold more capital against those loans, which in turn would make them more expensive for borrowers.capital against mortgages where there was a huge downpayment of 50% or more — thereby further reducing the cost of borrowing for the already wealthy.
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